About The Video, Bitcoin and the Blockchain
In the coming years, the technology behind crypto currencies such as Bitcoin will inevitably and radically change the role of traditional trusted parties such as banks, accountants, notaries, and governments. The possibilities are endless. We invite you to explore this new technology constructively and critically, and have an open discussion about the potential applications.
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- Rutger van Zuidam
- Sebas van den Brink
- Patrick Loonstra
- Lykle de Vries
What if there is a technological advancement so powerful that it transforms the very basic pillars of our society?
A technology which fundamentally influences the way that our economy, governance systems and businesses function, and change our conceptual understanding of trade, ownership and trust?
This technology already exists, and it’s called crypto currency.
People often think of Bitcoin as only virtual money or a transaction system. But if you look closer, you’ll see that the monetary aspect is just the tip of the iceberg.
That’s because Bitcoin is a ground-breaking internet technology for which money is merely one of the possible applications.
Money exists to facilitate trade. Throughout the centuries, trade has become incredibly complex. Everyone trades with everyone, worldwide. Trade is recorded in bookkeeping.
This information is often isolated and closed to the public. For this reason, we use third parties and middlemen we trust to facilitate and approve our transactions.
Think of governments, banks, accountants, notaries, and the paper money in your wallet.