THE FUTURE OF MONEY
Jan 21, 2014
Mike Hearn, a developer of Bitcoin, talks about the Future of Money (and everything else) at Edinburgh’s Turing Festival on the 23rd August 2013. He talks about how machines can become a new economic agent by using the Bitcoin block chain. And this is interesting, think about it for a minute, if machines have their own bitcoin wallet and can take business decisions themselves, what will the future be of companies? Will their be Distributed Autonomous Corporations (DACs)? And if the answer to this question is ‘yes’, what will be the impact on existing companies? Will banks, insurance companies, notaries still have the right to exist or will their core business be distributed to the Bitcoin block chain…