The irony of the story is that this respectful and intelligent lady is now working with central banks and the BIS to create a new form of centralized bitcoin called CBDC, crazy right?

If only everyday folks understood the difference between currency and money...

@braddorce6583

7 жыл бұрын

So... what's the difference?

@Goldsilver

7 жыл бұрын

Do a search for Hidden Secrets Of Money - Episode 1. I made a video about it but if I post the link here the comment will be ignored as spam.

@braddorce6583

7 жыл бұрын

OK thanks

@plasticman2011

7 жыл бұрын

I love your work Mike! will you be making an in depth episode on bitcoin anytime soon?

@Goldsilver

7 жыл бұрын

Yes indeed

The best TED talk I've ever seen. I know and understand cryptocurrencies well but the story telling, concise sentences and amazing range of subjects covered clearly, with adequate pauses between sentences was phenomenal. This remarkable lady has accomplished what so many have tried and failed at. A clear description of why the future of money is changing, how it's changing, why it's changing and what the implications could be. Bravo Neha Narula, bravo!

@andygee3531

7 жыл бұрын

PS. Ignore the professional trolls, they don't need feeding.

This lady has the best way of presenting and talking about this. Very clean and easy told. Smoothly. Very nice!

"Money is Collective Fiction." === Great lines.

What a power of Collective Learning for our Better Living on this planet earth. Thank you for sharing in such a plain way easy to understand. Cheers.

Great talk!

She really doesn't know what she is talking about!

@robthehitmanrude

7 жыл бұрын

This was an introductory presentation on crypto currencies and the possibilities they could bring. The phrase 'crypto currency' is still very geeky and people just glaze over when you say it. But she was clever not to mention it or any of the coins until halfway through, and started with explaining the evolution of money and its problems. She knows how to explain to normal people, and that is a very important roll.

@DeoMachina

7 жыл бұрын

But nothing she said was wrong, was it?

@Burps___

7 жыл бұрын

DeoMachina Opinions, rather than facts, cannot by definition be wrong. Her talk is anecdotes and opinions, no facts.

@gradientMesh

7 жыл бұрын

She said people would be willing to pay for surfing the web and spending 50 cents per email sent, and then called it "future". Tell me something more ridiculous than that.

@DeoMachina

7 жыл бұрын

The Cool One You didn't watch the talk, most of it is not speculation.

The country that the stone money is from is called "Yap" not "The Yap" the people from there are called Yapese. The stone money has value because they were carved from far away places like Palau. Most often the carvings and the transportation of the money were perilous and dangerous. People died transporting the money hence the value.

Bitcoin and other crypto currencies are not currencies, they are speculative investments. Their value can change dramatically.

Informative and prescient. Nice talk.

How do you buy a candle with bitcoin when the power is out?

She's soooo much better at explaining this to non technical people than just about anyone.

Man it's been 5 years this talk still works

resources based economy is the future.

great talk Neha! I love seeing more women in the digital currency space.

Thanks for this.

IMPORTANT: All crypto currencies use the same basic principle/assumption. That is that the collective computing power of a crypto currency mining network is always going to be more powerful( and faster) than any individual actor. This has 2 very important implications: 1) Any crypto currency requires a (costly) mining infrastructure in order to operate. Who pays for all that operational overhead? 2) If a mining infrastructure somehow collapses, and with it the cryptographic integrity, what happens to the value stored in the network? There is a good reason why big computing players like e.g. IBM are now investing in crypto currencies. Because they have access to enormous amounts of computing power. But as a user, we will just exchange one set of powerful manipulating actors (traditional banking sector and/or governments) with another set of actors with an equal amount of manipulative powers (but far less regulations or accountability). The often mentioned "democratization" of money by crypto currencies is a red herring. Yes, it could take away the control governments and banks currently have over money, but it will only put that power into the hands of whomever who has the ability to manipulate or disrupt a crypto currency mining infrastructure. And that is only one of the fundamental flaws of crypto currencies. Another flaw is that when only a few people can really (in detail) understand how a system works, it become rather easy for people with the right information to manipulate the system without users even noticing what is going on. There is a good reason why most successful currency systems throughout history have been easy to understand (and hard to destroy). Crypto currencies are too much magic, too much smoke and mirrors, for it to be really trustworthy as a currency. Of course, people can choose to place trust in whatever they don't understand. But is that smart? What if those who promote crypto currencies are just trying to cash in, while knowing very well that our current problems with money are just going to be shifted to different actors/facilitators?

Wow radical

well said Neha....you are awesome...thanks

Mr Robot will deal with this issue in the next season :D

@bruh321xyz4

2 жыл бұрын

but the banks can fake the number and we ending up as a broke assholes

Gosteii! Muito inteligente ela. As pessoas tavam era pasmos com a palestra dela kkkk.

thank You!!

i prefer cash. you can stick your digital.

@plasticman2011

7 жыл бұрын

says the person using digital words to convey his message.

@bootangy

7 жыл бұрын

lol. i know i should get off the internet before theres no democracy left.

Something important easily explained. I need dis!

The two stories she told are so irrelevant to what she tried to compare it with. The digital era, bit coins and other such currencies are the future because of their free market principles however government wont be able to tax them at all, because only the sender and reciever know the amounts being transfered.. A total Ancap society which is inevitable when we embrace this currency and free trade totally, governments and higher interests don't like this notion because they will lose all controle they have now. Many still stand in the way of this progression towards this highly technological/free market future, this is achievable in Europe but politics over the decade has stopped and reversed this progress. "if i can control a nation's wealth i care not who makes its laws" Nathan Rothschild. People such as this one are a problem which will inhibited the progress towards a bright future.

@DeoMachina

7 жыл бұрын

"The ancecdotes were not relevant because she didn't tie them into anarcho-capitalism" Boo-hoo.

@dothedeed

7 жыл бұрын

Actually the digital currencies use blockchains so the history of all transactions is determinable.

@Michael-ei3vy

7 жыл бұрын

the transactions are public knowledge, but these are numbered accounts, so the identity behind the transactions are not known. It's possible to be tracked if you dont bother anonymizing yourself.

Cash is Privacy, Privacy is Freedom.

The future of money will be our ideas. Our creativity and innovations are what will drive value. A piece of paper or even a golden brick won't mean anything one day. Those who don't think and don't put the effort to create will be left behind.

@eddierocksteady5740

3 жыл бұрын

Neha Narelu- Technochauvanist, did a very good job in this presentation on the Future of Money.

This had some interesting predictions, but I could not help feeling like her talk was heading toward the _Black Mirror_ episode “Fifteen Million Merits”.

I like cash it's anonymous- use a banks to buy stuff and other people know what you've bough - how much - where you bought it - when you bought it!

Awesomely explained

“ Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center." - Vitalik Buterin

Although cryptocurrencies are on the rise in popularity, until the majority of world governments accept payments of taxes in cryptocurrencies, we will always be stuck with control by Federal Reserve Banks around the world.

And What happens when the power goes down? No more internet, where is your money now?

Well explanation I have ever found on internet.

And contractors, auto repair shops, pizza shop take cash to avoid paying taxes so cash will never go away.

sounds frightening

Interesting. The problem with non physical money is that there is no emotional attachment. It is physically painful for you to hand over $100 cash. You do not have that connection to digital money and that leads people to get in trouble with over drawing their bank and not controlling their money. Then there is the fact that it will destroy personal transactions. You will never be able to pay the kid next door with a $20 bill for mowing the grass. That $20 can now be tracked and taxed every time it moves. So income tax will be replaced by a transfer tax let alone the banks charging their fee for each transaction. It is a bad idea not to have money backed by something physical.

@Michael-ei3vy

7 жыл бұрын

Bitcoin is anonymous lol. People are using it to buy drugs on the Internet and avoid paying taxes. Also, paper money is not backed by anything. Nixon ended the gold standard in August 1971. Since then dollars are debt based and no longer backed by gold. Bitcoin is too high tech for most people. It takes months to learn about and figure out how to use properly. If you can learn how to use this new tool, you'll be able to retire early. If you're not tech savvy, then stick to gold. Not paper debt money.

@WayneJohnsonZastil

7 жыл бұрын

Lol you only need 1 app for bitcoin easier than Facebook

@WayneJohnsonZastil

7 жыл бұрын

Or any banking app

@TallifTallonbrook

7 жыл бұрын

I was not talking about bitcoin, I was talking about the upcoming cashless society that the banks are pushing. If you have ever had your debit card number stolen when you are 300 miles from home, you would understand how much it sucks when they freeze your account. Now I always have cash for just such an occasion.

@kendyokolf7554

7 жыл бұрын

TallifTallonbrook That would be the worst, I don't think the corporations and big leaders will allow that

I really like listening to this lady. Makes sense, and easily understandable

@aminuaidara8601

2 жыл бұрын

To be honest with u she making zero sense for me I would prefer my gold and silver as my money so if the government decided to rob me I can try to defend my money but money I can't see an Touch no wonder most of the population are in slavery this money she's talking about guess what if they decided to take your money there will just take it the matter of seconds and the history she was talking about France was completed a wrong the French government knows the game the US government was playing time the US government was printing more paper than the gold they have the US didn't like it when French was demanding the gold

@aminuaidara8601

2 жыл бұрын

With this system she was talking about some people will continue to work as Slave and someone just sit and do nothing just enjoy all the best life they can by with many that don't exist there was just go inside your computer and just type it just like the Western countries are doing now especially the US an those who are in charge of the banking system

"The next generation is gonna be so much better and so much faster." How? In particular, the reason Bitcoin is slow and costs so much energy is that miners compete to win and there's no way to keep one competitor from e.g. taking more than their share--that's the anonymous aspect which is part of the security model of not relying on anyone. So how will the next generation be better? This isn't something we can take for granted--faster computers will increase the complexity of the hashes, not reduce energy consumption or lower the barrier to entry. This is not a problem of merely improving the software or getting faster computers, but is rather a mathematical and political problem. It will take an innovative new solution that perhaps no one has figured out; or a compromise between the distributed, peer-to-peer benefits of cryptocurrency on the one hand, and governments and/or instutitions getting involved on the other. IMHO.

I'm wondering after watching this, without institutions of regulation how would society combat one of bitcoin's greatest current flaws (imo) which is its instability. Capitalism has a tendency towards booms and busts but in bitcoin each burst of the bubble has been more extreme and more damaging than the last.

@plasticman2011

7 жыл бұрын

actually, if you go back and look carefully, the booms and busts have been getting less severe over time (as bitcoin gets bigger).

@kunal904

2 жыл бұрын

Man you must feel like a moron now....

Predicted in books and on Hollywood screens, we should know by now how this story ends...not good for the majority of Humans

@jovertortega6367

3 жыл бұрын

Elaborate?

This is great until quantum computers break digital signatures, which digital money is all based on.

@plasticman2011

7 жыл бұрын

FYI, there are algorithms out there already that are quantum safe. So even if what you describe becomes a problem, bitcoin could be upgraded to be quantum resistant.

There can be no possible problem with bitcoin and blockchain, because some people who really like it say so.

Wow, bitcoin was only $600 when this video came out.

Got a nagging feeling that if what proponents say is true, the major banks already have put in place hedge derivatives, and allocate a portion of their excess supercomputer capacity to "mega-mine" the currencies at a faster rate than most, ensuring continued profitability in any event.

Hi i need this video with my language because it's hard to understand for me

As someone who makes a living with cryptocurrency, whose had like 100 transactions fail or stall, I can't take her claim of "not having to worry about your money getting stuck" seriously.

My teacher gave us this video to watch for e-learning and I don't understand a single thing about this past the first 2 minutes

@bruh321xyz4

2 жыл бұрын

how old are you?

Only if masses understood the difference between currency and money. I think basic economics should be a compulsory subject in elementary school (or may be high school) curriculum. Currency is medium of exchange (a unit of measure) for money. A nation can increase or decrease money supply to control economic indicators like inflation and GDP growth (it's called monetary policy). As more money is issued, the value of money de-valuates as compared to money from other nations (with different units of measures like euro and rupee) and commodities like gold, copper, wheat, oil etc. Bitcoin will never succeed money as it implies that few geeks can supply more money (no direct relationship to gross domestic product Or a nation state). Yes, the technology behind Bitcoin (called Blockchain) has a huge potential to solve many frictional problems we have when exchanging different types of money (currencies) .

She definitely read the Block chain Revolution. feels like she's giving me a synopsis of the book lol

@TheBanterCity

4 жыл бұрын

Kevin, aren't Cryptocurrencies power intensive?

@KevinCrishan98

4 жыл бұрын

@@TheBanterCity yes they are, which is why most miners are flocking to Iceland these days, where electricity is cheapest in the world.

Bravo my dear.

Money in any form can be corrupted in any form, and will still be the root of all evil! It is the mindset that must change!

@plumpkin6699

7 жыл бұрын

7seven7 - Hurry give me all your money, I don't want you to have to deal with all that evil.........Let me help you!

@RSpence777

7 жыл бұрын

Plumpkin Let me guess, you were the class clown?

@plumpkin6699

7 жыл бұрын

7seven7 Are you going against yourself now? I guess the evil has taken over already........ To answer your question, no I was not the class clown, I was the one that couldn't believe how stupid the teachers and students around me were. I was more disgusted and disappointed by the ignorance that surrounded me........Didn't really put me in the clowning mood.

@RSpence777

7 жыл бұрын

Plumpkin You really should have taken more time in school maybe you would of learned how to present yourself correctly. trolls really gain little attraction from me. So if you would kindly excuse me, I'll be on my merry way. Good Day darlin!

@plumpkin6699

7 жыл бұрын

7seven7 I was able to retire at 35 without the negative influence of school it could have been 25. Yes run and hide you obviously have nothing to offer the world so it's time for you to go away.

This video is for anyone who hasn't been on the internet in 3 to 5 years.

Sounds like someone watched Mr. Robot.

@77quizzes24

3 жыл бұрын

#wow_yeah

Or is there any text of what she talked?

ubuntu system! ubuntu community! sovereignty! freedom!

@InvalidUser_

3 жыл бұрын

What about snaps lol the opposite of freedom

Great presentation Neha 🤩

A simple cash system works just fine. It's greed and corruption that's the problem.

@3DKLUB

4 жыл бұрын

And Bitcoin solves this. Thats the point.

@healthyyoutube8258

8 ай бұрын

yeah sure@@3DKLUB

This talk is amazing!

@aminuaidara8601

2 жыл бұрын

The talk is amazing but it doesn't mean all what she saying is true sorry is not especially once she mention safe and secure on the Internet this can never be real money because of this type of system most of mankind ever become slaves an few mustus feeding on the blood of the people why of countries in this world who have every type of resource but yet still poor Africa example they have all type of resource + they're land is blessed but look Africa very poor

Would this mean the impact of inflation would be lessened?

She's very inteligent

I'm so early that all the comments start with a number or "I'm so early that all the comments start with "I'm so early that...." inception.

While bitcoin is a better money, it will never solve the problems created by money. Please investigate a resource based economy.

@aqqatone

7 жыл бұрын

Frank Flores You should have a cookie.

@brobrah4595

7 жыл бұрын

a resource based economy would mean to go to where there is a near infinite amount of resources. which would of course be space mining. def a business worth investing in early imo.

@amirrahiminia2556

7 жыл бұрын

both resource based and money base economy can be faulted to un justful economy system which in my point of observation is the major problem.

@3DKLUB

4 жыл бұрын

But Bitcoin is a resource based..

money isn't everything. people are following only money and many are unhappy, if you're stuck...ask yourself what would you do without money?!

Yo, I don't wanna pay for everything i do including sending an email and for whatever content i watch wtf

if everyone has access to everyones transfers, then crime will increase because criminals know exactly who has how much money. this is sooo dangerous

@plasticman2011

7 жыл бұрын

luckily, bitcoin transactions are not tied to ID (unlike credit cards).

@1tsyabo170

7 жыл бұрын

but I know that you have $10,000 i can then force/torture/... you to make a transaction to make it then mine.

@plasticman2011

7 жыл бұрын

no different from holding cash at that point. Both similar in terms of not having ID tied to transactions.

@1tsyabo170

7 жыл бұрын

plasticman2011 but as a criminal, i know exactly when to make my move. and it will mean that attacks are coordinated not random like with holding cash.

@plasticman2011

7 жыл бұрын

Lucas Ullmann but again, criminals won't know because there is no identity tied to bitcoin transactions. Anyone can watch all bitcoin transactions happen in real time, but there is nothing to indicate who makes each transaction.

Very careful with Bitcoin in the long term.

Be great if she stopped using the word money and correctly talked called it currency. She's talking about the currency supply and not money!

@3DKLUB

4 жыл бұрын

FIAT is currency. Bitcoin is money.

@eddierocksteady5740

3 жыл бұрын

Neha Narelu- Technochauvanist, did a very good job in this presentation on the Future of Money. Currency supply will change the shape of money.

how old is this?? re: the *exact* year/date?? vs. the *upload* date??..because: a lot of good info..except her information re: mining on home computers, it's quite outdated..i mean, she did mention the *more updated* mining systems..but why mention the old way at all?? because, is anyone still doing it that way?? 🤔🤔🤔🤔 so, kudos to her for explaining Bitcoin/crypto-currencies in-a-nutshell-style..she even gave me some nice ways to share the info with those who have questions (otherwise, i don't try to convince people)..but really, the first 85% or so of her talk was pretty good..but that last 10% to 15% made it seem like she was conflicted re: explaining mining and also the *crypto* part of *crypto-currencies* re: the point & original philosophy behind Bitcoin [& other true cryptos]. 😮

... 6 years on the banks and governments are resisting these advances pretty well!

13:25 good point about micro-transaction potential

The future of money | Neha Narula - blockchain - block chain - TED TALK - TED talks - The extrinsic (perceived) value of a specific stone is based not only on its size and craftsmanship, but also on its history. *( a great tie in to digital money and block chain....

We should start the company that will provide anonymous pre-paid programmable currency that can be purchased with bitcoin, etc. That will be / is a huge need!

Wow

Changing 1 and 0 on computer is freaking physical. Very very physical! It relies on a lot of physical laws!

I can tell that we are dealing with a true technochauvanist here.

@eddierocksteady5740

3 жыл бұрын

Neha Narelu- Technochauvinist

search Reserve right protocol

10:48 solving the puzzle secures the network...idea: that is not correct. That the securing of the network takes prior to that by miners, and the solving the puzzle is what they are competing for to get paid

trust should be the currency

@plasticman2011

7 жыл бұрын

FYI, bitcoin has been described as "the trust machine". You should google it - it is a story done by The Economist.

This is the perfect video to get the drunk. Every time she says imagine you drink. Or programmable money...

Great explanation It reminds me of our presentation on cryptocurrency 🤟♥️

I feel like she's arguing with me and I'm just like damn chill

@nico-ng5de

4 жыл бұрын

you would like to tell her smth?

What happens if the Internet goes down/gets hijacked etc

In 2016 CASH is still king!

Gold has value not because we have decided it is but: Best conductor of electricity, Rare(set amount[not very much of it on earch] can't be reproducted) Used since early times as currency, easy to transport, bootyful to look at

@dr.pallab4205

Жыл бұрын

Imbecile ...it's what Narula explained Gold is just a stone if we humans doesn't give a value.

The anarchist money rules! Crypto IS the future!!!

@bergonius

7 жыл бұрын

Yay to cryptoanarchy!

@arnogermond5473

5 жыл бұрын

Not crypto. Blockchain.

@Vexumy

5 жыл бұрын

Bitcoin is trash. It has no trace. Learn how to hack, and you own everything.

@kingchurchill2535

5 жыл бұрын

Vexumy Absolute bollocks.

@dougsmith2505

4 жыл бұрын

whenever these types of crisis like corona occurs ..it destroys economy ...we have seen in past ... but there is a difference that we dont have crypto currency in past but now we have ... fiat needs to be replaced with crypto... after covid19 days of fiat are over ... there is only one solution which is crypto ... 2020 has come with many new hardware wallets... including keep key and WALAHALA Hardware wallets ... but i will prefer WALAHALA Hardware wallet ... walahala.com/ they have their hardware wallet .. exchange and coin ... their hardware wallet is decentralized connected to their own live exchange ... means your money will be in your hardware wallet only ..not even in exchange .... time has come that we dont have to be slaves to exchanges anymore..keep your assets with you only. walahala.com/walahala-wallet

My bed and pillows are stacked gold bars.

كيف نقدر زكاة أموال البتكوينز؟

Cryptocurrencies have their place, primarily in evading surveillance and protecting against inflation, but governments need to be able to control monetary supply to control monetary policy, so it's probably going to continue to be a parallel currency for now.

nice talk

I used bit coin to purchase my cryptography degree from THE University of Tennessee... Chattanooga.

@jayfinne626

3 жыл бұрын

Probably should’ve just held onto the Bitcoin lol how did the degree appreciate?

This has to be my new favorite TED TALK.

Howdy man, very deadly flick that you have here. Keep in touch.

If everything becomes automated and trade happens between computers won't the need for people to be involved eventually phase out? Then what? If computers and robots end up doing all the work, how will people make money to consume the things produced?

the chick at 1:17 made the same face that I did lol

money in general creates scarcity which in turn creates conflict and compotition fualing wars not to mention debt and inflation

@plasticman2011

7 жыл бұрын

prolonged wars are only possible if the money supply can be inflated to pay for it (through debt). bitcoin doesn't have that problem since it can't be inflated and it is not debt based at all.

Yo!

I need subtitle swedish

This can be an exciting future of money as long as the pioneers for the industry DONT FOLLOW THE TRADITIONAL PATH, as long as they DONT INTRODUCE THE TECHNOLOGY TO GOVERNMENTS OR SELL IT HIGHEST PAYING CUSTOMERS FIRST (which are usually the owners of the banks and the very people that are quote "holding us back"). Unfortunately, people like Neha and other early adopters are only interested in making the most money for themselves. So Neha WILL sell her ideas/infrastructure/tools to whoever pays her the most and makes her the most money. Eventually we WILL see that the very same people who had all the power before, just bought it again and have the tools to maintain it. The revolutionary power of this new tech will be repurposed and be used to maintain the old structure. It will be sucked dry of its revolutionary capabilities will flop faster than a fish out of water. This is laughable because ive seen it all before. This isnt going to revolutionize anything. And Neha Narula and her early adopter companions are to blame. Cool tech though.