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Crazy/Genius

Blockchain: The Next Internet, or the Next Beanie Baby?

Crazy/Genius

The Atlantic Monthly Group, LLC

Business, Society & Culture, Technology

4.61.1K Ratings

🗓️ 24 May 2018

⏱️ 24 minutes

🧾️ Download transcript

Summary

Silicon Valley and Wall Street are obsessed with Bitcoin and its underlying technology called blockchain. Boosters say it'll fix everything from elections to shipping to identity theft. But what exactly is blockchain, how is it being used, and is the hype really worth it? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Do you hear that? It might sound like nothing to you, but it's actually the sound of nuclear, wind and solar energy.

0:11.0

At EDF, we're busy generating more British

0:14.2

zero carbon electricity than anyone to help keep future energy

0:17.7

cost down for everyone and help cut UK carbon emissions to nothing.

0:21.8

Sound good to you? Find out more about our

0:24.9

zero carbon generation at EDF Energy.com slash Help in Britain.

0:28.8

You know that feeling where all of your friends decide that a new song is like the

0:37.4

best thing they've ever heard in their life? And so you listen to it, and you listen again, and again, and you just don't get it.

0:47.0

And you just don't get it?

0:55.0

Yeah, that's me with blockchain.

1:00.0

Blockchain technology could revolutionize our economy.

1:03.0

Everyone knows blockchain can actually revolutionize the world.

1:06.0

I think that's irrefeathed of a block.

1:08.0

That's a fundamental thing.

1:09.0

Blockchain, blockchain, blockchain, blockchain, blockchain.

1:10.0

blockchain is real.

1:12.0

If you're like me you hear the word blockchain and your eyes glaze

1:17.4

over you don't know what it means exactly and every time someone tries to

1:21.4

explain it you zone out.

1:23.7

But in Silicon Valley and even in corners of Wall Street, blockchain is massive.

1:29.0

Just say the word and your company's value doubles in a matter of hours.

1:33.0

Take Long Island Ice Tea for instance.

...

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