Subtitled: Dr. Craig Wright: What is Bitcoin really about.


[Music] so what bitcoins really about is creating an immutable single ledger we haven’t ever had that we need a moment history people have had multiple books now if we can have a ledger for everything that means we can allow people to stop trading and trusting and doing things without any fear of being scammed or anything of this now imagine never but one of the things talked about today was the concept of being able to have a peer solution monitoring service but we do that for anything so whether we can have phone data that is purely people can take out the outliers too high too low that’s obviously wrong with the average and just running a device now earns you money that means we don’t need to have a weather bureau we don’t need to have all these government departments sending things because the people can earn money being part of a society that builds everything around us everything that we can think of that could possibly be delivered can be automated allowing not machines taking over but people interacting and this is the key we’ve gone to the Silicon Valley dream which is the stupidest most horrible thing I’ve ever heard where we allow machines to replace before every time we look at AI we find that simple AI a machine is beaten by a machine plus a person this whole concept of driverless cars will replace us they’re not count to replace us anytime soon in fact the new time frame has pushed out another decade and it will be again and again because they don’t understand the brain is not a computer it’s not a bit similar but what we can do is use the fast computational power that we can get from computers important meant to people an Augmented society where an honest connection where we can not have to validate everything we’re doing because it’s all just there honestly allows us to create all sorts of new interactions and that’s the important bit people interactive look a machine can do that but how do we get people to work to get that interactivity something bigger not just in a country not just in a city but globally how do we enable people in third world countries to start learning small amounts of money doing simple tasks how do we bring everyone together and get them to understand each other that’s great to see you [Music]

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