How the blockchain will radically transform the economy | Bettina Warburg

Say hello to the decentralized economy -- the blockchain is about to change everything. In this lucid explainer of the complex (and confusing) technology, Bettina Warburg describes how the...

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Economists have been exploring people's behavior for hundreds of years:how we make decisions,how we act individually and in groups,how we exchange value.They've studied the institutions that facilitate our trade,like legal systems,corporations,marketplaces.But there is a new, technological institutionthat will fundamentally change how we exchange value,and it's called the blockchain.Now, that's a pretty bold statement,but if you take nothing else away from this talk,I actually want you to rememberthat while blockchain technology is relatively new,it's also a continuation of a very human story,and the story is this.As humans, we find waysto lower uncertainty about one anotherso that we can exchange value.Now, one of the first people...