The Blockchain

The Blockchain

A very short introduction to blockchain technology, its promises and possible perils. (Talk at betahaus Hamburg, October 2016)

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Wolfgang Wopperer-Beholz

October 13, 2016
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Transcript

  1. None
  2. None
  3. None
  4. Blockchain ≠ Bitcoin

  5. “If you still view Bitcoin as a techno/anarchic/utopian/libertarian model for

    consumer payments, you haven’t been paying attention.” Jonathan Libov
  6. Blockchain Technology Crypto- currencies Bit- coin

  7. anything Anything Consensus Cryptography Cryptography

  8. None
  9. So what?

  10. organizationally organizationally centralized decentralized logically Banks centralized logically Excel E-mail

    decentralized organizationally organizationally centralized decentralized logically Banks centralized logically Excel E-mail decentralized organizationally organizationally centralized decentralized logically Banks Blockchain centralized logically Excel E-mail decentralized
  11. “The web was designed to be decentralised so that everybody

    could participate. Instead, we’ve got these silos. […] The proposal is, then, to bring back the idea of a decentralised web. To bring back power to people.” Tim Berners-Lee
  12. None
  13. Or…

  14. None
  15. None
  16. None
  17. None
  18. “I have made use of this feature and have rightfully

    claimed 3,641,694 ether, and would like to thank the DAO for this reward.” “The Attacker”
  19. “Any and all explanatory terms or descriptions are merely offered

    for educational purposes (…). The DAO’s code controls and sets forth all terms of The DAO Creation.” Original Terms & Conditions of The DAO
  20. None
  21. “Although the word ‘contract’ is used in The DAO’s code,

    the term is (…) not being used as a legal term of art. The term is a programming convention, not a representation that the code is in and of itself a legally binding and enforceable contract.” Current Readme for The DAO Framework
  22. Or…

  23. “Trust disrupted.” Techcrunch, 10.10.2016

  24. “Once trust becomes abundant, the (possibly extreme!) consequence could be

    that it finally frees up the state of the world to begin changing fast.” Alex Danco
  25. “We are talking about some fairly cutting edge computer science

    here. [Blockchain] is still very much a work in progress. A computer science experiment. And a very ambitious one too.” Fred Wilson
  26. “We always overestimate the change that will occur in the

    next two years and underestimate the change that will occur in the next ten.” Bill Gates
  27. Or…

  28. None
  29. Sources http://whoo.ps/2016/08/31/a-junior-vc https://www.ft.com/content/eb1f8256-7b4b-11e5-a1fe-567b37f80b64 http://spectrum.ieee.org/computing/networks/the-future-of-the-web-looks-a-lot-like-bitcoin http://continuations.com/post/105272022635/bitcoin-clarifying-the-foundational-innovation-of https://techcrunch.com/2016/10/09/a-decentralized-web-would-give-power-back-to-the-people-online/ http://pastebin.com/CcGUBgDG https://github.com/slockit/DAO https://techcrunch.com/2016/10/10/watch-the-first-episode-of-our-new-series-trust-disrupted-bitcoin-and-the-blockchain/ https://medium.com/swlh/emergent-layers-chapter-4-some-speculation-about-the-future-7964d89dc1c3#.3hj33vp02

    http://avc.com/2016/10/trading-rd/ http://abcnews.go.com/Technology/PCWorld/story?id=5214635