Skip to comments.Bitcoin, the organism: Jeff Garzik at TEDx Binghamton
Posted on 04/05/2014 12:29:33 AM PDT by TsonicTsunami08
After helping to inaugurate CNN.com on the Internet in the early 1990s, Garzik worked at a succession of Internet startups and service providers for over two decades, all while working on open source software engineering projects. Involvement in one of the best-known open source projects, the Linux kernel, led to an extended tenure at Linux leader Red Hat, during open source's most formative years. In July 2010, while reading slashdot.org, Garzik stumbled across a post describing bitcoin. Immediately recognizing the potential of a concept previously thought impossible − decentralized digital money − he did what came naturally: developed bitcoin open source software and started micro-businesses with bitcoin at their foundation. Almost by accident, Garzik found himself square in the middle of the global, disruptive, amazing hurricane of a technological phenomenon known as bitcoin.
If you want to know about Bitcoin or more importantly the underlying technology that is the true innovation,you must watch this. This will give anyone interested a very clear picture of what the future holds for Bitcoin.
thats a horrible explaination why bitcoin works as a currency and why it has value.
I couldn’t watch the whole thing... it was just bad.
Ah you should have hung in there, you would have heard this.
” Bitcoin and Bitcoin like technologies will be rolling out in every fortune 500 company you are aware of.”
Bitcoin: a trust-less public ledger of consensus across both time and space.
if you want to explain why bitcoin is valid and has value, then you should be taking about the inability to dilute or counterfeit the currency.
it has value for the same reason gold has value as a medium through which to transfer wealth. with the added benefit of being weightless and transport is almost instant
He covered counterfeiting and inflation, identity theft as well. The talk was primarily about the technology of the decentralized network. It was presented on short notice and to a general audience not a ‘Bitcoin’ audience.
He’s a geek not a speek! :)
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