still a great talk. although, i think a better mental model than "managing contention" is to say its about secure enforcement of contracts. contracts formalize human interaction
Great speech about native rule enforcement (blockchain), but maybe world's problem is not about applying rules properly, but richeest getting richer, poorest poorer, and law (blockchained or not) honoring them.
"What happens if we can devise a technology where we can take these walled gardens [closed-off systems of information storage and computation like servers, computers, smartphones] and we can knock down the walls, but rather than suffering the tragedy of the commons we can actually imbue an automatic sense of law or rules onto the ground that was left. We can create a sort of magical garden in which there are very set rules and we can all interact with each other under those rules and we can be absolutely guaranteed that those rules will be enforced." "We've taken many many machines - all of them with people behind them that have very particular interests - and we've combined them into one machine that is completely unbiased." "Practically speaking we have just commoditized the rarest and most delicate of all intangible assets: trust." "I'm of the opinion, in the future, the notion of having to trust some third party, some institution or organisation, with our interests will be so archaic it will seem like working with an abacus does to us today."
Nice and funny. Having several parameters that define our circumstances in being wealthy. And set of authorization to intervene or to obey. Makes decisions leading into a difficult mess of information. 🥵At this point I have to appreciate every DeFi developer. That must have been a hell of a job. 🤓
It's going to take a decade or two to devise code (algorithms, logic) that, when run inside a system that can't be hacked, does what human-driven institutions have been relied upon to do for hundreds or thousands of years. The technology of law, honed over millenia, needs to be rewritten and adapted to this technology and that's going to take some time. But in principle the possibility now exists to run code that is unbreakable. This is a novel place to start from.
Well, let's have a look, a closer look to the person and the landscape. This person is claiming to be a disruptive game breaker or something like that. A revolutionary. Well, the glass over the head, the tight pants, the signed shirt and the informal but expensive jacket. First impression: somebody from the media business, a creative, a new wave executive. Somebody that feels that you must be excited to see him, to meet him. So he is clearly *in*, he is not *out*. And he has achieved some kind of summit. A lot of nice and well dressed people is listening attentively. All of them are very well *in* the system. Top people in India. So, this is the new revolution. The old people learning new tricks. Welcome suckers.
I also don't agree with Mr. Woods sense of style, yet I find your inability to decouple that with your biases a bit comical. If you understood the underlying mechanism behind this platform and had even a tenuous grasp on the current architecture of the internet and the transmission and storage of data, you'd realize that the potential is enormous. Your comment is that of a rigid pessimist who values his own narrow-minded experience over other possible solutions. It's likely that the former leaders of companies like Blockbuster, Sears, and Yahoo had a similar smugness to their attitude.
![[LIVE] : ONE ลุมพินี 84 วันนี้!! คู่เอก "ก้องศึก vs เมืองไทย"](http://i.ytimg.com/vi/3kuzsAIDf1c/mqdefault.jpg)
Gavin wood thank you so much for creating such a futuristic financial environment.
Lovely presentation. One point regarding the institutions: we DON'T trust them
But you have to if you interact with them ;)
Very good speaking, very clear to people understand what blockchain is.
still a great talk. although, i think a better mental model than "managing contention" is to say its about secure enforcement of contracts. contracts formalize human interaction
Go Gav!
Hi Dr. Wood. How do you feel about XRP token ?
Great speech about native rule enforcement (blockchain), but maybe world's problem is not about applying rules properly, but richeest getting richer, poorest poorer, and law (blockchained or not) honoring them.
Gavin is genius ✔👏
great presentation
Legends says his sunglasses are still sitting on his head.
As a legend I can confirm till now
"What happens if we can devise a technology where we can take these walled gardens [closed-off systems of information storage and computation like servers, computers, smartphones] and we can knock down the walls, but rather than suffering the tragedy of the commons we can actually imbue an automatic sense of law or rules onto the ground that was left. We can create a sort of magical garden in which there are very set rules and we can all interact with each other under those rules and we can be absolutely guaranteed that those rules will be enforced."
"We've taken many many machines - all of them with people behind them that have very particular interests - and we've combined them into one machine that is completely unbiased."
"Practically speaking we have just commoditized the rarest and most delicate of all intangible assets: trust."
"I'm of the opinion, in the future, the notion of having to trust some third party, some institution or organisation, with our interests will be so archaic it will seem like working with an abacus does to us today."
Nice and funny. Having several parameters that define our circumstances in being wealthy. And set of authorization to intervene or to obey. Makes decisions leading into a difficult mess of information. 🥵At this point I have to appreciate every DeFi developer. That must have been a hell of a job. 🤓
centralization doesn't come from the banks but from money itself.
exactely ... not "who" but "what" is centralization. i'd say the unicity of one single/global organizational technology (money).
watch out for $PDOG!!! bsc will launch soon!
With abuse of power comes distrust...which leads to a new way of doing things!
Trust but verify.
We still have to trust humans.
Whether it is a government or a group of software developers - no difference.
absolutely ... any proposition on how truly decentralized could it all be imagined ?
This hasn’t aged well
nice hologram
So solid that nobody can break it? Hmm, what about the recent parity hack where millions were stolen?
AFAIK this was a problem with the DAO's code
It's going to take a decade or two to devise code (algorithms, logic) that, when run inside a system that can't be hacked, does what human-driven institutions have been relied upon to do for hundreds or thousands of years. The technology of law, honed over millenia, needs to be rewritten and adapted to this technology and that's going to take some time. But in principle the possibility now exists to run code that is unbreakable. This is a novel place to start from.
Well, let's have a look, a closer look to the person and the landscape. This person is claiming to be a disruptive game breaker or something like that. A revolutionary. Well, the glass over the head, the tight pants, the signed shirt and the informal but expensive jacket. First impression: somebody from the media business, a creative, a new wave executive. Somebody that feels that you must be excited to see him, to meet him. So he is clearly *in*, he is not *out*. And he has achieved some kind of summit. A lot of nice and well dressed people is listening attentively. All of them are very well *in* the system. Top people in India. So, this is the new revolution. The old people learning new tricks. Welcome suckers.
Google "Gavin Wood github" and see for yourself, champ
I also don't agree with Mr. Woods sense of style, yet I find your inability to decouple that with your biases a bit comical. If you understood the underlying mechanism behind this platform and had even a tenuous grasp on the current architecture of the internet and the transmission and storage of data, you'd realize that the potential is enormous. Your comment is that of a rigid pessimist who values his own narrow-minded experience over other possible solutions. It's likely that the former leaders of companies like Blockbuster, Sears, and Yahoo had a similar smugness to their attitude.
@@jhk0428 thank you :) lol that guys comment is just salt for no reason lmao
I don't think he explains the problem that the blockchain tries to solve very well
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