Blockchain is Eating Wall Street | Alex Tapscott | TEDxSanFrancisco
Author of best seller "blockchain revolution", Alex share in this talk about how the blockchain the technology behind bitcoin Is changing money, business, and the world.
Alex Tapscott is the CEO and Founder of Northwest Passage Ventures, a consulting firm focused on early-stage, high growth companies in the Canadian and U.S. Capital markets. His is also co-author, with Don Tapscott, of the new book Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World (Portfolio / Penguin Random House 2016). Alex was Director of Institutional Equity Sales at Canaccord Genuity Inc. from 2008 to 2015. He managed a diverse client base of value, growth, long/short equity, merger-arbitrage and activist investors, including many of the largest asset managers in Canada and some of the largest hedge funds in New York. A graduate of Amherst College and a CFA Charterholder, Alex serves as a research fellow for the Global Solutions Network (GSN) program at the Martin Prosperity Institute at the Rotman School of Business in Toronto and sits on the board of CAMH Engage, a young leadership counci
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at ted.com/tedx
When you invest, you're buying a day you don't have to work
@Hart Thim You're right Sir, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to remain poor
Bitcoin is the most profitable investment online of only you trade with the help of a professional expert
I'm from Spain i have been an investor in the crypto market for over 2 years now
Now is the best time to purchase and invest in Bitcoin, stop procrastinating!!
@The Modern Investor Same here, I wish I knew about this Bitcoin trading earlier, brace up and get yourself some Bitcoin before it's too late
Alex is using his Dad presentation. Just listen to his Don Tapscott. Like father like son. Awesome
wow... almost 5 years later and this rings so true!
W•H•A•T•S•A•P•P +•1•3•4•7•9•6•6•2•7•2•6 I•n•v•e•s•tinC•r•y•p•t•o B•T•CA•N•DE•T•H..... .. ... .....
I love 11:50 .. First i thought it was funny because Alex Tapscott says "half the room got that, half the room didn't" and we afterwards see the room no one but one woman smiling. Tough crowd. BUT. I looked the Two and Twenty rule up, it is a type of compensation structure that hedge fund managers typically employ in which part of compensation is performance-based. This phrase refers to how hedge fund managers charge a flat 2% of total asset value as a management fee and an additional 20% of any profits earned.(Investopopia). - And if the new rule is 0-0, that's quiet a change!
Toke Knudsen OIC! Thanks ;)
Did he really evaluate the audience's response to his lead balloon joke? That silence was deafening.
He almost seems very jaded about the financial industry at that point its more of a warning than a joke
Amy cuddly
Amazing talk so informative, and thought provoking, thank you TED for sharing this, all the best and stay strong!
That was a phenomenal dissertational speech.
The evil that is fractional reserve banking and creating money as debt is what needs to end and technologies like this can help.
Check out Uniris, viva la resistance ? :o just found this one today in an exploding scene, hasnt released yet but its the only one I cant buy into yet that I want to, and has a lot of the best developments of the last two years plus the key to identity security I have always wanted. First thing I did was buy a large amount of bitcoin and silver, and some ETH and LINK, then RSR which is a fantastic investment already for me. Recently with defi obviously starting to grow really fast I had bought into ERD DFI UMA BAND COMP SNX REN BAL these are small investments that all could be dumped if a mass adoption trend begins with Uniris ill only buy a small amount on day1 at an exchange and wait and see, but I have a feeling it could blow up so fast and even eventually dwarf everything except Bitcoin. The PATENTS are held by the foundation along with the source code, the network itself will own the patents if I read right.. my head is spinning :D VIVA LA RESISTANCE ! if anyone would be a good example it would be the French and we are in a remarkably similar situation now
Making money is the plan and with Bitcoin Investment your plans can be fulfilled
You don't need to be shocked, cause am also a huge beneficiary of experts Elias Greyson.
he helped me recover what I lost trying to trade for myself.
Who's this professional everyone is talking about, I always see his name at top comments on every KZhead video I watched.
I have been scammed severally and it really hurts
Intrested in investing again, but can this Elias Greyson fx be trusted?
The best TED talks on blockchain ever!!
So what did you do? 😃 it’s crazy u were woke in 2016
The best ted talk about bitcoin
Awesome summary of the potential that blockchain has to do good and facilitate trust and good business. "Britcoin" is genius... Question is, how can I get involved with this disruptive technology and help spread the word... and enable players to get on the field and trust each other earlier.
Software finally eating Wall Street - Love it 🚀
Ramen, brother
@@barbarashaw3490hi I'm a new bieginer but being with a password plobrem can we use bayometric fenga plint as a password?
Right now is a perfect time to start shorting. The big boys will never give up their power. It's amazing that the foundation of this technology is based on trust (marketing) yet people will trust to get rich will soon be holding the bag. Trust is a earned by real sweat not on concept and digits.
amazing TED Talk...thanks for posting on KZhead.!..Blockchain is Eating Wall Street | Alex Tapscott | TEDxSanFrancisco
"It's not so good to have a printing press for money" Indeed
What a poetic ending! Could not have explained better , nor even tried to in relevant terms ...
Great talk!
The world its going to change for the better in a few years.
Decades*
the western world is changing and the left will not like the outcome.
Yes X YZ, I'm sure it's the left that wont like all the equality; unified access to services and transparency this technology will bring :D LOL
the funny thing with technology we always find more ways for doing more bad than good.
Great hopes for 2016 ---And then Trump came, and is now 2019... there is no way you are still this optimistic ... LOL
Great, well said
If I had only invested in Ethereum at the time this video was uploaded...
Edward Kunz if you had only invested in Ethereum at the time you made this comment...
Edward Kunz good! :)
INVEST NOW! not just ETH but many others, like OMG, PAY, NEO etc... and ICO token sales
Kershaw Nope.
Edward Kunz Please do! If we both still have access (to this) by then, I'll find it interesting to see how you've (honestly) fared.
The introduction of IOT chops going into all new electrical items poses a security risk but block chain I would imagine could be coded to not accept any instructions from IOT addresses stoping hacking attempts before they're even thought of.
I love it!!!!
Hi, does anyone know in which paper I can find that stat (at 12'40") saying 9% of people under 30 owned equity in a private company in the 80's and now less than 3% do ? Thank you :)
Very well constructed. The most accurate articulate description I have encountered thus far.
Very well executed talk
Your video is so good, hope you get better and better!!
Investing in crypto and bitcoin now should be in every wise individuals list, some months later you I'll be ecstatic with the decision you made today.
my cousin recommended her to me. He has been trading with her for some months now, but he earns just 60% of Whatever he invests in a week which I think it's too low, I've seen other traders who offer to give you 300% of whatever you invest
@@robertpursley8823 I just withdraw my profit last two days before now. am glad I did invest with them still reinvested and the trade is ongoing
@@atanacioguayuan964 Who is this professional broker everyone in talking about and how do I contact her directly?
@@bashirsinusi2469 If you I've not heard about her then you are missing out..
@@bashirsinusi2469 Her availability is on WhatsApp and Facebook
Awesome Alex! Right down to the "if we will it." I'll look forward to your book! Jox
do you need money to invest in blockchain, bitcoin etc? if yes, then your still using the current system and so on.
wrong, the shift is happening
Yes, maybe right but eventually fiat money will become worthless paper ( ~25 years maybe)
blockchain technology has taken the monopoly away from the banks on currencies now it also has features and practical uses to like Deeponion's, Deepvault that allows you to place your files inside it's own blockchain so that you can pull it out when you need to prove that it hasn't been edited in anyway, great for court etc.
Very good talk
Excellent talk. It is the future
Blockchain is a cornerstone of the evolving government of the corporations, by the corporations and for the corporations.
Blockchain is revolutionary. It is empowering! It is fast becoming the new and improved economic equalizer. Central Banks, Financial Institutions beware...
Awesome, one of the best explanations for Block Chain
No mention of the energy consumption involved. No mention of the hacks that occur. No mention of physical backup provided by third parties (banks). No mention of conflict resolution or government relationship. By December 2018 Bitcoin sank to about $3,225.00 from it's high of $19,283.00 in Dec. 2017. In Oct 2016 when this was published it was @ $720.00 Question is, what makes it valuable? Trust? Based on what.
"The DAO" turned out... Interesting.
The problem with ACCOUNTING IS THE (GAAP) DOUBLE set of BOOKS NOT just double entry accounting!
I heard so many things that point and correlate to XRP but no mention of XRP?
This is the same speech by tom tapscott.
Thats because Alex Tapscott made this presentation with Tom Tapscott.
Exactly bruh
This gentlemen does not understand central banking. This revolution has to happen without banks and government.
Tony smith I believe he understands, just a delay tactic.
i really thought that by this time we will be using only coins as money, but i guess it is still a long shot and has a lot of work in process, so try to go for newer and secure coins like telecoin
Total game changer.
Comments on account are very elementary. Even in a distributed ledger the system will require double entry.
dude so very smart
When are the techies that see the potential of blockchain for regular people.....when will they speak up. Every talk I find on KZhead is about banks making more money and the benefits trickling down to me. Blockchain sounds like we would not need a bank. Or Uber or lots of companies. When do we get to hear that talk??
I just finished watching Don Tapscott's ted talk, and didn't look it this guys name.. Took me a minute to realize they looked quite similar, and had almost identical material. They are father and Son.
Blockchain is Eating Wall Street | Alex Tapscott | TEDxSanFrancisco - thanks for posting on KZhead!
VitalK ... the Ethereum blockchain ... simply pure truth
I started investing on this Bitvest24 platform a month ago. The outstanding and easy explanation of, everything was perfect. The customers service is very good tool. They called me back immediately and they were gentle and helpful.
Nothing man can plan and/or do is perfect. There is always risk and reward. Any technology is a two edge sword. Someone will figure a way to cheat the system. Those who are least knowledgeable will lose. For wisdom is protection just as money is protection, But the advantage of knowledge is that wisdom preserves the lives of its possessors. Ecclesiastes 7:12
Very good
Does he mention effects on privacy?
John McAfee is so far ahead of understanding necessary security of blockchain data.Just started a new venture called MGT.
Great presentation, Alex. Kudos!
Where does privacy fit in? How can a person or legal entity ensure their transactions and investments aren't seen by others? Does blockchain mean everyone sees how everyone else is spending their money? If so I think that poses a huge problem.
This problem is solved by anonimity. Everyone can see the ledger, but it has no names. It's like when you register a fake email: nobody knows who you are, but only you have access to this email, because only you have the password. It's hard to not to reveal your true identity at some point though (by mistake), so yeah it's a problem to some extent. Maybe the risk is not more than with the tradinitional banks though (Panama leak and other leaks). It just makes you responsible for keeping yourself anonimous, rather than relying on a company to keep its records about you in secret.
guys it's all good to hear about block chain but the real question is how to make money out of it any video that could teach us how to invest in this technology
Its not in the national or economic interest for any state or government to allow a completely unregulated international currency to flourish.
세상이 이렇게 변하는데 나는 왜 이걸 이제야 안건가. 세상이 줄수있는 변화와 혜택과 기술을 최전방에서 누리고 만들어가야지
맞습니다. 저도 이제 알았네요 ^^
Why am I seing this 4 years too late???
Awesome
How do you separate Blockchains from bitcoin? Why would anyone devote computing power to verifying block chains without the reward of bitcoin? I keep hearing all these talks about the distributed ledger that is Blockchain but not one address this problem. Is my understanding of the Blockchain incorrect?
niupaidanui , no man. You right, Just a few of us understood that...Block Chain withour rewards is Just Not feasible...
computing power is dedicated because there is a fee per blockchain transaction. Right now it's around 1$ per transaction no matter the size. most "mining" is computing transactions in order to collect these fees.
It's a good question. Look up "tokens" in relation to blockchains. Basically it's similar to bitcoin, where you are rewarded with a token that gives you something of value. It could be partial ownership (and voting rights) for whatever company the blockchain relates to, etc.
Stat crux dum volvitur orbis. What will change for the rice fields? Will any suffer for individuals be made smaller? When do people understand that there is no such force to convince people of something? How much promises are there not fulfilled. Is there any good in investing resources into a system that is wrong-designed from the beginning?
He wasn't wrong. It's more than quadrupled value since then.
whats to stop financial institutions from buying in and manipulating the market?
Nice video.
If all this comes to pass, the economy (or GDP anyways) of the US is going to take a big hit...a large part of it is pretty much unproductive financial services. Cryptocurrencies biggest promise in my view is take the economy back to the way it was from ancient history to about 50 years ago, where there was a real form of money, freely exchangable between private people and companies, that had to be earned by actually doing or trading something of actual value. Not debt as money, and not controlled and manipulated by a handful of unknown and unaccountable people with insane amounts of power.
Many sentences are the same as Don Tapscott's Ted talk, wonder if they wrote the speeches together
Not surprised, father and son, they always talk about what is trendy.
Bless her, Pam in accounting with her fat fingers
+Matt Barrell Damnit Pam! You screwed us all!!!!
I was won over by that short tale.
LOL
I felt bad for Pam thanks for Blessing her.
Chris I was thinking the same :-D
Good speech but I disagree with the last part. Trust by itself is not enough to shift the power back to the people using blockchain. We need privacy to protect the people as well, and privacy must be supported by anonymity. DeepOnion is one of the rare crypto coins that did that by integrating Tor into the wallet to protect the identity of users. They had many great achievements in their first year and I'm looking forward to their ambitious future.
had you invested $10,000 into Ethereum at the time this video was posted. You would have roughly $340,000 today. FeelsBadMan
millions today
What if you did when you posted this comment 5 months ago ?
Even more so today. :)
But would you have sold it at the top? Or at all?
I could withdraw that money at the bank?
Great book, the one by this guy and his father... and a good presentation...
A well talk
2p2 transactions are by definition pro-populist. However, blockchains will only be adopted where there is not a lobbying base to protect business as usual. That's why I suspect currency and blockchains will not be allowed by governments to merge. Title companies and less rich middlemen will be replaced by blockchain IMO.
i wish the video volume was a bit higher....
There's a big difference between technology and an industry. Doesn't matter what e-currency you use, the industry can still be corrupt. Who cares if the accounting becomes connected to the currency? Corruption will be moved off technology and fees will be charged for the maintenance of the currency. Bitcoin can't turn into, say, a credit card company without being centralized and charging fees for the centralization of the blockchain and transaction speed. Its impossible for every personal computer to store the entire blockchain if this technology takes off.
impossible perhaps on current average PCs but who knows what the future will bring. 10 years ago the iphone came out, look where we are now!
Did he say, "...Pam, fatfingers an entry..."? I bet he's a huge Archer fan.
lmao I say fatfingers sometimes but its inspired by the hilarious 300 pounds Homer Simpson episode
Awesome TEDx talk!
Finance "Dexter" is awesome :)
Good talk, funny jokes, though lost on a tough crowd.
I like it.
Being financially free and having money invested in the most important factor in living a good free life. 99% Americans don't have money saved or invested and all the do is spend..
too many people are Piling in to BITCOIN.. That means it is time to take profits
I read about Mrs Natasha, when I first started watching educational videos on bitcoin. I contacted her and In two weeks she help grow my small portfolio of bitcoin 2btc to 5btc. Bitcoin heading back to 50k got me smiling
@12:50 how could 9% of Americans have equity in a private company if accredited investors is only around 2%? Until the JOBS act and Reg CF it was illegal for unaccredited investors to invest in private companies...
Okeeey let's enhance the idea. New legislations needed.
There is nothing that can't be gaffed.
The wisest thing that should be on everyone mind currently should be to invest in different stream of income that doesn't depend on the govt especially at this time of this pandemic.
I am glad that I am achieving success in trading after I read through a post on btc and how to get started with the help of an expert Evelyn T hills
Is she legit, can she be trusted?
Yes she's legit also an expert and I have been earning from her platform.
Investing in btc now is really good especially with the current growth in price of btc in the market now.
The global pandemic shut many financial institutions from functioning thereby rendering most people jobless & investors lost more than they ever thought of losing.
This is also a good argument against the Federal Reserve and fiat currency in general. See www.mises.org
Bitcoin is not bringing some sort of democracy, it is radical individualism. It does not resolve the issue of inequality: Nakamoto owns 1/20th of the bitcoins in circulation. Also think about volatility, how can bitcoin set a comprehensive price system?
I thought that TEDx will check the originality of the talks. Just saw a talk completely the same - same slides, same words mostly. Not sure which one was first, but come on.
Here is the issue. People can't trust financial managers or institutions because they actually provide no service. Same issue with government. You can't trust a system that is merely designed to perpetuate itself. If all you stand for is money then that's just what you become. This is why 60 percent of America didn't vote, this is why people are not investing.
I Dislike the new KZhead zhzzhherh
instead of the rich investing in now it's the poor and the middle class through all investing $1 to $50. Crowdfunding is the new Venture capitalists that I see. May the best survive
Dis Very fascinating perspective....
Well, no, financial institutions so do currently do useful stuff. How on earth would I send money from China to the UK without some kind of financial institution? Governments also provide useful services. Defence, policing, judiciary, lawmaking, all really government work. All necessary. I think that the interesting thing about blockchain is that it may render some of the machinery of government, some financial institutions, and some lawyers redundant, as a lot of this stuff will be self-managing/self-policing. For example, I don't need a bank to send bitcoins/britcoins around the world. Mark Carney, governor of the Bank of England could well be making the BoE obsolete by suggesting the Britcoin. Mind you, he will be comfortably retired by the time this ever comes to fruition.
Fed ex? Banks? I wasn't referring to banks dude. Was referring to investment firms, hedge funds and the like that actually create no products, create nothing of actual value.
Too good to be true)
Mr Murphy has been trading for me, his techniques is marvelous and he has made me see binary from another angle, and i keep making huge profit every month.
Hello, I'm new to bitcoin and I have been making huge losses but I recently see a lot of people earning from it. Can someone please tell me what i'm doing wrong
All you need now is a professional broker else you gonna continue blowing of your account
Mrs Mandy Trading Services strategies is working for me at the moment and am making good profit from Forex and crypto trading
@@starlightandrew5143 Same here it's four months now I started investing with them and it's been a good experience
Honestly,this is where my question lies I have lost over $700 in trading. How can I be oriented or educated about forex trade
My first investment with Mrs Mandy trading services gave me profit of over $24,000 Us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
Audio level is kinda low.
Are you ready to challenge Factional Reserve Banking??
and who will install the blockchain main system worldwide and isnt it that all parties especially banks and goverments have to accept the use of blockchain applications? will it be free for everyone? and if yes, are you sure about it??? who will manage the blockchain system? who will be responsible fo it? will every new born get automatically an blockchain ID/account?
He had me until he said " without the legacy issues, bureaucracy and culture".... what did he mean exactly by culture?
You can not have block chain without bitcoin type of decenttralization ---- without decentalization you have nothing but a encrypted ledger and that encrypted ledger can be manipulated by the power that owns it ----- this is why you need decentralziation.
Wow, he described XRP and Ripple to the last detail. Faster, cheaper, and safer than any digital asset.
Currency Notes Authenticity