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TED Talk: How the Blockchain Will Radically Transform the Economy

Before Watching:

1. What is Blockchain? How does it work?

2. How do you think this can radically transform the economy?

Vocabulary

Pioneer (v). constraints the grease that allows our economic wheels to function

Hunter-gatherers Repercussions decentralised peer-to-peer network

Immutable unforgeable composite at its core difficult to tamper with

Attestations cobble together attributes horizontal supply chain

Nodes in the network monitor (V.) reneging to bear out a contract

Collateralised floor (V.) infancy

After Watching:

1. What aspect of human behaviour does the speaker say the Blockchain will continue?

2. How is Blockchain able to evolve this particular need?

3. How is it similar to Wikipedia? How is it different?

4. How can Blockchain lower uncertainty? Give some examples the speaker mentions.

5. What does the speaker mean when she says “we can collapse institutions and their
enforcement”?

6. How does uncertainty actually help to move things forward?

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