Brad Templeton, Who Started the World’s First Dotcom, on Why Bitcoin Matters

Bitcoin is just one example of how exponential technology is putting the reins of finance in the hands of individuals and small businesses.

Brad Templeton: So what Bitcoin creates is a ledger that needs no bank. And that's actually pretty important because if you think about what is a bank, at least as far as the money transfer and the checking and savings, not the loan part, but the financial, the moving money part of a bank, it's really — it's a secure ledger. The bank does not just have a little file that says your account has $3,000 in it. They insist that when you write something, they make a note in their ledger that $1,000 is transferred from your account into someone else's account and so on and that's important to make it secure. Well, what the designers of Bitcoin created was a way to make a ledger that's secure and that everyone can trust, but that no one owns or controls. And this allows people to have money that can be free of the influence of governments, which is both bad if you're a government and great if you don't like what governments do with their monetary policies. It lets the policy be set by consensus and software. So Bitcoin basically has found a way to always know what the majority thinks, and by always knowing what the majority thinks, you get something you hope you can trust.

While the only thing people use Bitcoin for today is effectively to write checks that transfer title in some Bitcoins to another person or another secret numbered account because it's designed to be public in what you do, but private in terms of who's doing it. It actually becomes possible to do things like write a contract and say "I transfer one Bitcoin to you if the following is true." And so now the contracts are enforced without courts, without any other third party. So the ability for people to just play with that and innovate with that that's really exciting and that's why you want to pay attention to Bitcoin.

 

Tech pioneer Brad Templeton calls Bitcoin just one example of how exponential technology is redefining finance. Understanding these changes in advance is a major advantage for individuals and businesses that want to stay a step (or 100 steps) ahead of their peers. And Singularity University’s 2015 Exponential Finance conference, happening June 2 and 3 in New York City, brings together some of the top future-focused entrepreneurs in every field: from finance, to law, to computing, to medicine, to share their discoveries and insights into what’s coming next, and how to turn it to your advantage. Tickets are going fast. Use the code BIGTHINK500 to lock in your seats now, at a $500 discount.

What does kindness look like? It wears a mask.

Northwell Health CEO Michael Dowling has an important favor to ask of the American people.

Sponsored by Northwell Health
  • Michael Dowling is president and CEO of Northwell Health, the largest health care system in New York state. In this PSA, speaking as someone whose company has seen more COVID-19 patients than any other in the country, Dowling implores Americans to wear masks—not only for their own health, but for the health of those around them.
  • The CDC reports that there have been close to 7.9 million cases of coronavirus reported in the United States since January. Around 216,000 people have died from the virus so far with hundreds more added to the tally every day. Several labs around the world are working on solutions, but there is currently no vaccine for COVID-19.
  • The most basic thing that everyone can do to help slow the spread is to practice social distancing, wash your hands, and to wear a mask. The CDC recommends that everyone ages two and up wear a mask that is two or more layers of material and that covers the nose, mouth, and chin. Gaiters and face shields have been shown to be less effective at blocking droplets. Homemade face coverings are acceptable, but wearers should make sure they are constructed out of the proper materials and that they are washed between uses. Wearing a mask is the most important thing you can do to save lives in your community.
Keep reading Show less

Scientists stumble across new organs in the human head

New cancer-scanning technology reveals a previously unknown detail of human anatomy.

Credit: Valstar et al., Netherlands Cancer Institute
Surprising Science
  • Scientists using new scanning technology and hunting for prostate tumors get a surprise.
  • Behind the nasopharynx is a set of salivary glands that no one knew about.
  • Finding the glands may allow for more complication-free radiation therapies.
Keep reading Show less

Millennials reconsidering finances and future under COVID-19

A new survey found that 27 percent of millennials are saving more money due to the pandemic, but most can't stay within their budgets.

Personal Growth
  • Millennials have been labeled the "unluckiest generation in U.S. history" after the one-two financial punch of the Great Recession and the pandemic shutdowns.
  • A recent survey found that about a third of millennials felt financially unprepared for the pandemic and have begun saving.
  • To achieve financial freedom, millennials will need to take control of their finances and reinterpret their relationship with the economy.
  • Keep reading Show less

    Science confirms: Earth has more than one 'moon'

    Two massive clouds of dust in orbit around the Earth have been discussed for years and finally proven to exist.

    J. Sliz-Balogh, A. Barta and G. Horvath
    Surprising Science
    • Hungarian astronomers have proven the existence of two "pseudo-satellites" in orbit around the earth.
    • These dust clouds were first discovered in the sixties, but are so difficult to spot that scientists have debated their existence since then.
    • The findings may be used to decide where to put satellites in the future and will have to be considered when interplanetary space missions are undertaken.
    Keep reading Show less

    6 easy ways to transition to a plant-based diet

    Your health and the health of the planet are not indistinguishable.

    Credit: sonyakamoz / Adobe Stock
    Personal Growth
    • Transitioning to a plant-based diet could help reduce obesity, cardiovascular disease, and type 2 diabetes.
    • Humans are destroying entire ecosystems to perpetuate destructive food habits.
    • Understanding how to properly transition to a plant-based diet is important for success.
    Keep reading Show less
    Quantcast