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Episode Markers
  • 00:21
     
    #the Yap   
    the Yap
  • 00:28
     
    #Rai stones   
    limestone Rai stones as money
  • 00:42
     
    #Rai stone   
    photo of Rai stone
  • 01:30
     
    #Bank of France    #from dollars into gold   
    1932 Bank of France asked US to convert their holdings from dollars into gold
  • 08:40
     
    #the Yap    #Rai stones   
    Bitcoin is based on same global knowlege as the Yap Rai stones
  • 08:58
     
    #Bitcoin global ledger   
    visualization of Bitcoin global ledger blockchain.
  • 13:56
     
    #horse pulling a car   
    comparing Bitcoin to a horse pulling a car
  • 16:00
     
    #programmable money democratizes money   
    programmable money democratizes money

The future of money

What happens when the way we buy, sell and pay for things changes, perhaps even removing the need for banks or currency exchange bureaus? That's the radical promise of a world powered by cryptocurrencies like Bitcoin and Ethereum. We're not there yet, but in this sparky talk, digital currency researcher Neha Narula describes the collective fiction of money � and paints a picture of a very different looking future. TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more. Find closed captions and translated subtitles in many languages at http://www.ted.com/translate Follow TED news on Twitter: http://www.twitter.com/tednews Like TED on Facebook: https://www.facebook.com/TED Subscribe to ou






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