Web3, Blockchain, cryptocurrency: a threat or an opportunity? | Shermin Voshmgir | TEDxCERN
Web3 is a back-end revolution and nothing that makes your webspace more likeable or interactive. Since the novelties happen at the level of the code, it is not easy for the user to grasp what a huge revolution it is. Web3 changes our data structure as it democratises information by giving all users the same level of accessibility. There is full transparency and privacy is preserved thanks to cryptography. There is no centralised entity governing the cryptoworld, no bank issues any currency but bitcoins are regularly exchanged. The whole system works because there is an open-source protocol that everybody must agree with before performing network actions. How are users incentivised to perform the right actions? They are paid with network currency. The democratised code is actually the accepted governance of the blockchain. But who writes the code? Who manages the inner working of the future Web? After finishing her PhD in IT-Management at the Vienna University of Economics, Voshmgir went on to study filmmaking and stage production in Madrid. Her main focus in all these areas is blockchain technology. She is the founder of Blockchain Hub and director of the Research Institute for Crypto Economics at the Vienna University of Economics. She is also advisor of Jolocom, a blockchain based identity protocol and Wunder, a decentralized Art Museum. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx
*I FEEL LIKE THE HOLE SEASON IS OVER, I'M TRYING TO GET INTO TRADING AS A ROOKIE, BUT I'VE HAD SO MUCH LOSS TRYING TO TRADE ON MY OWN, PLEASE WHAT STRATEGIES DO I NEED TO EARN PROFITS FROM THE MARKET*
I came here to learn how to trade after listening to this video I'm still confused, I'm a newbie and I'm open to ideas.
@@Maria-iz3uk The best strategy to use in trading is to trade a professional who understands the market quite well, that way maximum profit is guaranteed. Because I have learned along the way of my investment that research and analysis are important, note that experience is more needed, than luck when it comes to the financial market.
@@dorisjones4584 This Bitcoin trading has set sail. I honestly cannot overemphasize how much delving into Bitcoin trading has helped saved and changed the lives of many.
@@nataliejanet533 Yeah you're right, most times it amazes me greatly the way I moved fro an average lifestyle to earning over $62k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.
@@dorisjones4584 Wow buddy, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading.
She wrote a great book, token economy. Easy to read and good start in understanding the whole web3 and digital ledger universe
We
This was the question in my mind, has she written any book, and there I found your comment. Thanks .
@@velocityseekers1589 Same!
@@AmyMegan1205 😀
@@AmyMegan1205 watch more of her videos and then decided whether her videos suffice for our needs or the book is really needed to be bought.
Great video. One important thing when it comes to crypto is to trade and not hope on price rising and falling. Bitcoin is the future, investing in it now will be the wisest thing to do especially if you are been guided by a professional. I believe the benefits of a successful trade comes from an expert and that is why i made huge profit with the help of Mr Paul Singh, he's a genius and that's why i always advice novice to trade with him
@Toni Karla I can share some that helped me Plan towards it Be minimal in spending Save money wisely towards retirement Save to invest, it's a proven way to get richer
@Toni Karla There are lots of investing options (real estate ,stocks, gold silver, cryptocurrency, Airbnb, ETFS)
@Victor M. Eason A lot of people are rushing into trading without the knowledge of how it works and that's very wrong.. I advice you trade with an expert
@@topmoree You are right but finding someone who can guide is not as easy as it sounds
@Toni Karla I trade with Paul Singh he is a crypto prodigy and has handled my trade for over 6 months now... I made over $8k in my first week of trading with him
Wow this women is brilliant. She explained a very complicated topic in a very good way. Excellent job.
Very interesting content, i would also be glad if anyone here can explain a few things for me, this is 2022 and I believe it's my time to invest and shine for a better future
Crypto currency and Nfts will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my current investment
@@nicolasleo5572 You are right but the market is profitable if you are using a really good broker or account manager to help out with trades or provide signals
I recently heared about the nfts thing but still don't understand how these benefits people or how the NFT buyer use such digital arts.
Artist and designers use it to sell art and collectables. Everything is moving online so makes sense for them to do it that way.
Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating.😭
this talk was FOUR YEARS ago, imagine what she can talk about now...wonder how I can access any of her recent talks...she's amazing.
She made so much sense, so far the best visionary short talk on block chain for common people.
"the future is in our hands, let's make something out of it" I felt that.
Only 38K views? The ones that tries to understand Web3 now is going to be rich in the coming years.
This talk is so rich, I had to watch it several times. Very good. I commend you, Shermin!
I completely agree - rich!
Me too I watched 3 times in a row!!
Wish i was smart enough to search this 2 years ago
Wow, I have learned a lot out of this lecture!!! Thank you🙏🏾
She spoke so well.........about this...and some of the critical things to consider in creating and managing blockchain technologies. Thank you.
Excellent presentation Shermin. Perfect for those of use still in the beginners stage of understanding.
Really?
Thank you for the talk! You mention that Blockchain assumes that all actors are corrupt in the beginning and incentivises the actors to follow the rules through the use of tokens and economic means - if it's not centralised, where do these economic means come from? Thanks
This is brilliant! So from now on when all my friend keep asking why do I go on about crypto and why I have I bought into companies like Argo blockchain etc I’ll just send them this video👍🏼
Thanks a lot, great presentation!
Everything in the video was amazing, but the most insightful thing for me was her PhD title (hidden below, inside the description of the video) in the context of a TED talk at CERN
Thank you for sharing this video. She is articulate and gives a real indepth talk.
Really a great performance to explain such complicated stuff so it's understandable for most of us. From the middle part she gets a bit nervous, but her English is really great and she could find the right words so quickly. Thanks a lot, now I know why I bought Ethereum haha.
Please I have been hearing about this Expert Mrs. Stella from my colleagues at work. Does anyone know how I can link up with her?
Quite interesting words & points highlighted, lot of controlled economies have raised apprehension regarding transactions in crypto probably the value proposition part is still to be understood for future development.
Insightful, wonderful!!!
This woman is a genius. I have been using bitcoin and other crypto currencies for several years now but never had a clear understanding behind the development of the technology. She explained it so well.
she explains things so well
Great job mrs voshmgir . Keep the excellent work up . You are amazing.
I only came to see this now, in 2022. I had to listen to it twice and write it down once then rethink it all again for myself. I tried to explain it to my husband but failed to answer his questions properly so I read it two more times. Now I understand the concept of what you said. Thank you.
She’s still on point 🔥
Well presented.
Its a very good session ever i heard about web 3.0. Thank you for your beautiful explanation.
How is the future of display ads for Bloggers? How it will impact web 3.0 on Blogging?? Positive or negative
Great talk, great perspective
This woman is brilliant 👏. She understood perfectly the power of the concept and is able to attract interest to non-technical persons, without focusing on crypto-trading. I totally agree with all of what she said. The major issue is not only technical but also ethical, political and philosophical one. And we definitely need more people like her in the public area, because citizens are not all Developers or Tech people, but they totally can benefit and participate in this, as every citizen should participate in his country's politics, even if he's not a politician.
Woman??
😲👌 Superb explanation of Blockchain 👏
This is the future explained today! Thank you thank you thank you for sharing!
Great lecture
Profound content 4 years ago. The same concerns apply to this day. Freedom machine or Control machine. Crypto vs CBDCs.
"smart contracts allow us to create cryptographic token that can represent any asset or any access right with a few lines of code." i finally understand what's so important about this
very interesting!
Can you please explain in simple terms with an example about the difference between "NFT" "Metaverse TOKEN" "Metaverse COINS" "Metaverse Crypto"?
This is fascinating, I have hope that there are a lot of young people out there that will solve these problems and lead us to a much better world, I have faith.
use your brain and stop with the faith/hope/prayers nonsense. when someone tries to help you, there is almost always strings attached. can we all break away from these strings if we so choose? not once they are in place.
There is a lot of focus on how the transparency and incentives help ensure that network actors behave correctly and develop protocols in the right way but what happens when they don't? What happens when the incentives don't align with the benefits - can actors sabotage these networks and disregard the incentives? Take an example of someone who wants to sabotage a DAO and doesn't care that it's transparent and everyone will know who did it; what do we do then?
well i have been investing with cash fx for one year now and couldnt have any withdrawal but since i joined proaxelmining for six months now i have been withdrawing weekly, you can check them out.
Awesome talk, what about the environment? Incredibly energy hungry unless we can run it all from renewables Whenever we speak to currency and transactions we need to include nature at the center of it all. What we do to the web we do to ourselves.
Crypto will gradually be more and more energy efficient.
Proof of stake is the solution for that
@@guhenrique1470 Proof of stake is not decentralised. Chose what you wish for.
Crypto is our hedge against inflation now
@@QuietEscapism When exactly?
Hi everyone, how to certify physical goods conditions in the smart contract? Many thanks for the help
This is damn interesting!
Interesting! 😀
Great talk!
GREAT WORK
Wow, what a session, some idiots make it so difficult. You presented web3 in quite an easy way. Gotta read your book too now.
she forgot to tell you that this is the technocracy's way of making you a serf.
I see Bitcoin as ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking. Banks could issue digital cash with greater anonymity and lighter weight, more efficient transactions.💎💎
That’s right, Gold 2.0 - it’s a great store of value
A transaction takes hours in crypto . Seconds now. Wdym
Pre-Corona 2018 great speaker! Thanks.
Crypto is the new wave 💰🚀
brilliant mind i can appreciate this speech only after 4 years
There are many talks about web3.0 but this one I think is all rounded(addresses technology,governance,economic and ethical aspects)
Goo'd Lady! Transparency is key here. Keeping it simple is best bet. Why the need to be anonymous? The anonymity is what keeps the bad actors in power but paradoxically is also championed by the repressed as a vital solution to skirt the oppressors. There would be no need to skirt anything if transparency were employed. As a pure definition of transparency suggests. People use anonymity out of fear, fear is what keeps things under control back in the hole.
How can transparency and privacy coexist? We know that crypto today is used for criminal purposes as well, so my question is, if every person in the blockchain shares the same information, how is there any privacy or opportunity for criminal transactions. Only maybe if everyone shares the same information in a form of code so the system can see if there is a mismatch between those codes but not the details of the transaction? Thanks.
You have a private and public code
This is a hot topic now. I'm investing in DeFi Warrior and I can see it for a long time. Moreover, This project moves to Metaverse soon. Everyone can consider about project
very informative....
All thanks To shawnhacker16 on Instagram I recommend them all the Way I never regrets of dealing with them they got me 1btc And also add to my litcoin am glad✓✓✓ 💯💯💯💪💪💪
That is a great question!
Very insightful!
this women is brilliant. excellent intellect!
Thanks very much that was a nice presentation
Good coverage but a bit quirky and lacking depth. Still, a good introduction. KeepSmiling 😊🌺
brilliant talk
Could you analyze nano dimension soon?
Explained well. Great 👍
Well said and proud to say my family is well crypto educated.
there are only 3 anonymous crytpocurrencies, I think - Monero, and 2 others - and some say the FBI can trace Monero. Other aspects of blockchain, therefore, are probably traceable - everything you view (including how long down to the second), like, every comment, every tiny purchase. ANY tool can be used for good or bad. The question is - will I be able to decline this tool if I so choose and what will the ramifications be? Will I be able to get a job, apartment, rental car, college classes, etc. if I chose not to use this one digital ID/wallet? And, don't be fooled - this web3 and DeFi is mostly about the introduction of a a digital wallet (travel and health pass, CBDC, internet login, ID, etc). Saying it is anonymous is largely a blatant lie. I can buy a burner phone, but cell towers ping me, WiFi and bluetooth can be tracked somewhat, the IMEI and mac address give info such as which city I bought the phone in and then the SKU can be researched to see what time and date and store I bought it and then the checkout/register's camera can be checked or CCTV.... Your digital ID is no different. Your digital wallet makes you use about 8 words and that means 26 letters per word...do the math depending on how many letters are in each word. This means there is no escaping who did what and when. You are told you are being given choice, but it is really being taken away from you and you did it to yourself because they tricked you into it.
I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed more light on some things, but I'm confused, I'm a newbie and I'm open to ideas
I start with $2,500 at May 15 and I'm almost at $21k now! all thanks to Patricia
Congratulations that is a real success story in my opinion. Success because you didnt allow the amount to determine whether or not you would jump in. Good job. See you at the 100k meet and greet.
I'm at 1.25k now!
Do you sell high and buy low ? Or do you hold? I need tips
@Graham Stephan How do you research to know which one to buy. I'm a beginner and still trying to figure this out.
Beautiful talk, the best, wisest take.
I'm not convinced, it's been several years with this roll.
Good explanations, but still very unclear how it can be emancipatory for humankind. More precarious work and more obscure ownership structures for corporations are not steps forward…
I would like this 100x. Obscurity diversified and those with disposable nfts (debts) and votes ( crypto ) will dictate the metaverse or platform. Imagine the dark web going blockchain
I've made up my mind to invest for the rest of the year and with a positive mindset I know I'm gonna have a profitable outcome.
This talk inspired me to go PREDICTAA page on the web
Please any expert suggest that is this good to learn block chain devlopment in 2021
Buy Bitcoin holder for long-term and you'll be blessed
Thanks 🙏
how do they change it to Web 3? How would i know if they did?
Great video.
well i have been investing with cash fx for one year now and couldnt have any withdrawal but since i joined proaxelmining for six months now i have been withdrawing weekly, you can check them out.
I would love to hear a dumbed down version of this speech, I kind of get it
An internet where my data is stored on computers of unknown people, who can then decide how my information is used and processed. is a nightmare, a dystopia. An internet where I have to pay at any click?! Even for accessing my data?! It is nuts!
With blockchain you decide who can access your data. You do not give it away as you do now to services from Google, Facebook, Amazon, Apple, Microsoft, etc.
@@carry2web That is wrong. In blockchain decision belongs to the network, not just me. I have no worries with my data given to known companies, subject to strict regulation (in EU, where I live) but I am against giving it to a shadowy network of people and computers, where I cannot even make corrections or delete what I think is not appropriate. You cultivate fear and then come with a supposed fix. The fear is not grounded and the fix is illusory.
@@ValentinMircea Self-sovereign identities (SSI) are digital identities that are managed in a decentralized manner. This technology allows users to self-manage their digital identities without depending on third-party providers to store and centrally manage the data.
AS timely in 2021 as it was in 2018
Can guys recommend the great books of blockchain, crypto ?
Is there any professional I can get in touch with in this platfrom at the moment?
Blockchain is something which I am not convinced with as future. It's looks too much costly when you don't believe anyone. Just consider/remember Y2K problem which cost Billions to add 2 digits for a year.
Web3 will be awesome! 🙂Nifties will be implemented anywhere.
What is web3 bro I'm still trying to learn what it what is it
Do they have anything to do with the cryptocurrency
Amazing
Amazing content.....
Great talk
Wow dude 👆👆👆 am so appreciate your efforts on me you are the best 💯
Great mind! Defi need that.. LFG!
Who decides what is "the right thing" to incentivize? There will still be a powerful authority, only hidden. The dictator is the one who sets the rules for incentivization.
That's what I'm thinking, there has to be someone that controls internet, but maybe I'm I'm not getting it
No dictators on the internet because its a decentralized technology. Different coins have different rules and vary slightly in their incentive structures. The free market will decide which incentive structures will be successful. It doesnt really matter who the creator is. The network functions independent of any one person. The code is open source and auditable so nothing is hidden.
Interesting!
how did i miss this
A threat to centralized governments but a freedom to humanity !
Who's on that HEX network?
Thats nice info
Great video
I saw that today's clip show in the docu film downloaded.
I went through divorce and I spend thousands and thousands for a 2-3 hrs of service. This will eliminate expensive lawyers and useless judges who are overpaid by society who also writes all the laws.
I don't even understand most of the comments in here, but I understand and like your comment
If you havent already, stock up on bitcoin and ethereum. Happy New Years from philly!!
Bitcoin to the Moon
Awesome
I think we are playing with fire here! Pandora's box has already been opened too, so there is no going back. This society has not been trending in a "better" direction for the last few decades in spite of the advancement of technology, and there is no way we can get most of the people to agree on a governance. We may be smarter, but we are not wiser. We are more individual with our ideas and beliefs and the power is shifting to less dependance on a single governance because we think it will be better. I just don't trust society based on the direction it has been going for the last 30 years. I've been able to see the shift, others are in the Boiled Frog Syndrome and seem to be oblivious to it. We'll see how the next 30 years look.
i'm bullish with crypto...but did she just say if we're not careful.... "Skynet " will cometh ? yolo
who else just realize that we never know what is @ and what is it for?