[Music]
[Music] [Applause]
so all of you right now are being robbed
so all of you right now are being robbed you don’t realize it I’ll say that again
you don’t realize it I’ll say that again
you don’t realize it I’ll say that again in case you lost the nuance every one of
in case you lost the nuance every one of
in case you lost the nuance every one of you is being robbed right now not just
you is being robbed right now not just
you is being robbed right now not just you but everyone you know your mom your
you but everyone you know your mom your
you but everyone you know your mom your dad your brother your sister your
dad your brother your sister your
dad your brother your sister your co-workers everyone you know including
co-workers everyone you know including
co-workers everyone you know including me you see all of us have our data data
me you see all of us have our data data
me you see all of us have our data data about us being bought and sold every day
about us being bought and sold every day
about us being bought and sold every day to the tune of tens and hundreds of
to the tune of tens and hundreds of
to the tune of tens and hundreds of billions of dollars a year money that we
billions of dollars a year money that we
billions of dollars a year money that we don’t see why it’s an interesting
don’t see why it’s an interesting
don’t see why it’s an interesting question isn’t it if it’s your data you
question isn’t it if it’s your data you
question isn’t it if it’s your data you see we are all serfs in a digital feudal
see we are all serfs in a digital feudal
see we are all serfs in a digital feudal system that sprang up under our very
system that sprang up under our very
system that sprang up under our very noses we didn’t even realize it was
noses we didn’t even realize it was
noses we didn’t even realize it was there we were so busy just pumping our
there we were so busy just pumping our
there we were so busy just pumping our data into everything that was out there
data into everything that was out there
data into everything that was out there every app we had to play farmville we
every app we had to play farmville we
every app we had to play farmville we had to know which Kardashian we were
had to know which Kardashian we were
had to know which Kardashian we were right
right
right I think I’m Chloe I’m not really sure I
I think I’m Chloe I’m not really sure I
I think I’m Chloe I’m not really sure I have to work on that okay you keep
have to work on that okay you keep
have to work on that okay you keep pumping your information out now you may
pumping your information out now you may
pumping your information out now you may say but Michael you know there’s a lot
say but Michael you know there’s a lot
say but Michael you know there’s a lot of conversation around this right now
of conversation around this right now
of conversation around this right now and there is and that’s good you see but
and there is and that’s good you see but
and there is and that’s good you see but it’s the wrong conversation and here’s
it’s the wrong conversation and here’s
it’s the wrong conversation and here’s why the conversation that you’re hearing
why the conversation that you’re hearing
why the conversation that you’re hearing in the news today is about privacy and
in the news today is about privacy and
in the news today is about privacy and while important the conversation we need
while important the conversation we need
while important the conversation we need to have is about property so let’s think
to have is about property so let’s think
to have is about property so let’s think about that for a second who owns your
about that for a second who owns your
about that for a second who owns your data that’s the fundamental question I
data that’s the fundamental question I
data that’s the fundamental question I want you to consider right now who owns
want you to consider right now who owns
want you to consider right now who owns your information is it you is it the
your information is it you is it the
your information is it you is it the system that it’s placed in it’s an
system that it’s placed in it’s an
system that it’s placed in it’s an interesting question so let’s put aside
interesting question so let’s put aside
interesting question so let’s put aside the privacy have for a second and talk
the privacy have for a second and talk
the privacy have for a second and talk about property for a moment in an order
about property for a moment in an order
about property for a moment in an order consider property and really understand
consider property and really understand
consider property and really understand ownership we actually have to understand
ownership we actually have to understand
ownership we actually have to understand human rights and now it may seem like a
human rights and now it may seem like a
human rights and now it may seem like a stretch but it’s actually critically
stretch but it’s actually critically
stretch but it’s actually critically important so where the human rights come
important so where the human rights come
important so where the human rights come from
from
from you have a sense that you have them
you have a sense that you have them
you have a sense that you have them they’re probably hard to articulate very
they’re probably hard to articulate very
they’re probably hard to articulate very broadly we can say human rights are
broadly we can say human rights are
broadly we can say human rights are those rights that we have intrinsically
those rights that we have intrinsically
those rights that we have intrinsically and inherent because we are born human
and inherent because we are born human
and inherent because we are born human now it tends to vary a little bit
now it tends to vary a little bit
now it tends to vary a little bit according to where you live by the way
according to where you live by the way
according to where you live by the way as you know you no doubt right that’s by
as you know you no doubt right that’s by
as you know you no doubt right that’s by the way part of the problem because we
the way part of the problem because we
the way part of the problem because we have this sense that human rights are
have this sense that human rights are
have this sense that human rights are given to us that they are bestowed upon
given to us that they are bestowed upon
given to us that they are bestowed upon us by some other entity God or
us by some other entity God or
us by some other entity God or government so the story at least in the
government so the story at least in the
government so the story at least in the modern age may surprise you it actually
modern age may surprise you it actually
modern age may surprise you it actually begins with Eleanor Roosevelt you see in
begins with Eleanor Roosevelt you see in
begins with Eleanor Roosevelt you see in 1948 fresh off of the atrocities of
1948 fresh off of the atrocities of
1948 fresh off of the atrocities of World War two Eleanor Roosevelt worked
World War two Eleanor Roosevelt worked
World War two Eleanor Roosevelt worked with the then-fledgling UN to charter
with the then-fledgling UN to charter
with the then-fledgling UN to charter the Universal Declaration of Human
the Universal Declaration of Human
the Universal Declaration of Human Rights a list of 30 human rights that
Rights a list of 30 human rights that
Rights a list of 30 human rights that were intrinsically and inherently yours
were intrinsically and inherently yours
were intrinsically and inherently yours as human beings all of us regardless of
as human beings all of us regardless of
as human beings all of us regardless of race or color or creed or age or
race or color or creed or age or
race or color or creed or age or nationality or ethnicity any qualifier
nationality or ethnicity any qualifier
nationality or ethnicity any qualifier you had these basic human rights and
you had these basic human rights and
you had these basic human rights and there were 30 why thirty it’s a good
there were 30 why thirty it’s a good
there were 30 why thirty it’s a good question
question
question what were they you have the right to
what were they you have the right to
what were they you have the right to life and liberty you have freedom from
life and liberty you have freedom from
life and liberty you have freedom from being tortured and persecution you have
being tortured and persecution you have
being tortured and persecution you have the right to be educated and to work you
the right to be educated and to work you
the right to be educated and to work you have the right to freedom of expression
have the right to freedom of expression
have the right to freedom of expression these are all basic things things that
these are all basic things things that
these are all basic things things that we kind of take for granted but did
we kind of take for granted but did
we kind of take for granted but did human rights begin with Eleanor
human rights begin with Eleanor
human rights begin with Eleanor Roosevelt highly unlikely
Roosevelt highly unlikely
Roosevelt highly unlikely so let’s look back in history this is
so let’s look back in history this is
so let’s look back in history this is the Cyrus scroll Cyrus the Great 539 BC
the Cyrus scroll Cyrus the Great 539 BC
the Cyrus scroll Cyrus the Great 539 BC some look at this and think this is the
some look at this and think this is the
some look at this and think this is the beginning of human rights the first time
beginning of human rights the first time
beginning of human rights the first time we identified and codified human rights
we identified and codified human rights
we identified and codified human rights or you can go back further code of
or you can go back further code of
or you can go back further code of hammurabi 1754 BC we can go further
hammurabi 1754 BC we can go further
hammurabi 1754 BC we can go further Magna Carta 1215 US Constitution 1791
Magna Carta 1215 US Constitution 1791
Magna Carta 1215 US Constitution 1791 each of them building on the last each
each of them building on the last each
each of them building on the last each of them expressing what they believed
of them expressing what they believed
of them expressing what they believed human rights should be at that moment
human rights should be at that moment
human rights should be at that moment now here’s an interesting thought I want
now here’s an interesting thought I want
now here’s an interesting thought I want you to all consider every law when it’s
you to all consider every law when it’s
you to all consider every law when it’s created is reflective of the time and
created is reflective of the time and
created is reflective of the time and environment in which it’s created now
environment in which it’s created now
environment in which it’s created now that seems very simple but think
that seems very simple but think
that seems very simple but think about it right we are trying to solve
about it right we are trying to solve
about it right we are trying to solve for a very specific problem at that
for a very specific problem at that
for a very specific problem at that point in time and a problem that exists
point in time and a problem that exists
point in time and a problem that exists that we can solve using the technologies
that we can solve using the technologies
that we can solve using the technologies of our time now sometimes that gets us
of our time now sometimes that gets us
of our time now sometimes that gets us in trouble because it’s really tough for
in trouble because it’s really tough for
in trouble because it’s really tough for lawmakers to foresee what the future
lawmakers to foresee what the future
lawmakers to foresee what the future will look like particularly if the
will look like particularly if the
will look like particularly if the future is far out sometimes you get in
future is far out sometimes you get in
future is far out sometimes you get in trouble let me give you an example a
trouble let me give you an example a
trouble let me give you an example a well-regulated militia being necessary
well-regulated militia being necessary
well-regulated militia being necessary to the security of a free state that one
to the security of a free state that one
to the security of a free state that one tends to be a little bit problematic
tends to be a little bit problematic
tends to be a little bit problematic right now and that’s not unique as it
right now and that’s not unique as it
right now and that’s not unique as it turns out all of them are a challenge so
turns out all of them are a challenge so
turns out all of them are a challenge so we need to think about that there’s one
we need to think about that there’s one
we need to think about that there’s one other thing I want you to consider as
other thing I want you to consider as
other thing I want you to consider as well when we talk about human rights in
well when we talk about human rights in
well when we talk about human rights in law in general is that it every one of
law in general is that it every one of
law in general is that it every one of the examples I gave you before every one
the examples I gave you before every one
the examples I gave you before every one of these laws every one of these rights
of these laws every one of these rights
of these laws every one of these rights came to us from one place it was one
came to us from one place it was one
came to us from one place it was one person or one organization it was a king
person or one organization it was a king
person or one organization it was a king it was right the framers of the
it was right the framers of the
it was right the framers of the Constitution it was a group it’s a small
Constitution it was a group it’s a small
Constitution it was a group it’s a small group central group which then said to
group central group which then said to
group central group which then said to us here are your rights ok makes sense
us here are your rights ok makes sense
us here are your rights ok makes sense you see so centralization has been a
you see so centralization has been a
you see so centralization has been a common theme in the way that we think
common theme in the way that we think
common theme in the way that we think about problems every one of you if you
about problems every one of you if you
about problems every one of you if you have a job you have a boss your boss has
have a job you have a boss your boss has
have a job you have a boss your boss has a boss we’re used to hierarchical
a boss we’re used to hierarchical
a boss we’re used to hierarchical structures it’s the way human beings
structures it’s the way human beings
structures it’s the way human beings have organized in modern history for
have organized in modern history for
have organized in modern history for many many many years why it was the
many many many years why it was the
many many many years why it was the simplest way to get things done we live
simplest way to get things done we live
simplest way to get things done we live in a representative democracy we have a
in a representative democracy we have a
in a representative democracy we have a whole lot of people who elect one person
whole lot of people who elect one person
whole lot of people who elect one person to represent us to then go have
to represent us to then go have
to represent us to then go have conversations on our behalf
conversations on our behalf
conversations on our behalf that’s centralization it’s also an
that’s centralization it’s also an
that’s centralization it’s also an interesting jumping-off point for the
interesting jumping-off point for the
interesting jumping-off point for the way we can solve problems in the 21st
way we can solve problems in the 21st
way we can solve problems in the 21st century and that is decentralization now
century and that is decentralization now
century and that is decentralization now it’s not just the opposite it’s a
it’s not just the opposite it’s a
it’s not just the opposite it’s a completely different thing because
completely different thing because
completely different thing because decentralization allows us to flatten
decentralization allows us to flatten
decentralization allows us to flatten structures it allows us to look at
structures it allows us to look at
structures it allows us to look at problems and solutions very very
problems and solutions very very
problems and solutions very very differently instead of having a
differently instead of having a
differently instead of having a representative that we rely on to tell
representative that we rely on to tell
representative that we rely on to tell us something we can have the
us something we can have the
us something we can have the conversations ourselves each of us
conversations ourselves each of us
conversations ourselves each of us connected to each other in real time so
connected to each other in real time so
connected to each other in real time so let’s talk a little bit about how that
let’s talk a little bit about how that
let’s talk a little bit about how that happened
happened
happened now we weren’t always centralized so go
now we weren’t always centralized so go
now we weren’t always centralized so go way back free history we’re
way back free history we’re
way back free history we’re hunter-gatherers we’re wandering around
hunter-gatherers we’re wandering around
hunter-gatherers we’re wandering around as individuals or small family groups
as individuals or small family groups
as individuals or small family groups trying to find resources we’re hunting
trying to find resources we’re hunting
trying to find resources we’re hunting we’re
we’re
we’re gathering if we come in contact with
gathering if we come in contact with
gathering if we come in contact with another group chances are there’s
another group chances are there’s
another group chances are there’s conflict why because we’re all looking
conflict why because we’re all looking
conflict why because we’re all looking at the same resources we are
at the same resources we are
at the same resources we are decentralized we are disorderly there’s
decentralized we are disorderly there’s
decentralized we are disorderly there’s no rhyme or reason to what we do and
no rhyme or reason to what we do and
no rhyme or reason to what we do and what happens is gradually we start to
what happens is gradually we start to
what happens is gradually we start to realize that if we cooperate you know
realize that if we cooperate you know
realize that if we cooperate you know what we’ve got a better shot at this we
what we’ve got a better shot at this we
what we’ve got a better shot at this we can use the resources more wisely so now
can use the resources more wisely so now
can use the resources more wisely so now we have a situation where you’ve got
we have a situation where you’ve got
we have a situation where you’ve got slightly larger groups and we begin to
slightly larger groups and we begin to
slightly larger groups and we begin to see civilization start to flourish we
see civilization start to flourish we
see civilization start to flourish we still have conflict of course if
still have conflict of course if
still have conflict of course if anything we exacerbate that because what
anything we exacerbate that because what
anything we exacerbate that because what happens is some of those groups get a
happens is some of those groups get a
happens is some of those groups get a little bit bigger than those other
little bit bigger than those other
little bit bigger than those other groups and if you’re the big guy what do
groups and if you’re the big guy what do
groups and if you’re the big guy what do you do you take advantage of the little
you do you take advantage of the little
you do you take advantage of the little guy and so when we look into history we
guy and so when we look into history we
guy and so when we look into history we start to see centralization and enforced
start to see centralization and enforced
start to see centralization and enforced order the Roman Empire is a good example
order the Roman Empire is a good example
order the Roman Empire is a good example of this what did they do they want often
of this what did they do they want often
of this what did they do they want often said all right well there you see these
said all right well there you see these
said all right well there you see these other lands that we’re going to conquer
other lands that we’re going to conquer
other lands that we’re going to conquer and they’re going to go ahead and be
and they’re going to go ahead and be
and they’re going to go ahead and be beholden to Roman rule that is a
beholden to Roman rule that is a
beholden to Roman rule that is a centralized structure so how is the 21st
centralized structure so how is the 21st
centralized structure so how is the 21st century different it’s completely
century different it’s completely
century different it’s completely different and I’ll tell you why how many
different and I’ll tell you why how many
different and I’ll tell you why how many of you heard of a technology called
of you heard of a technology called
of you heard of a technology called blockchain like three of you okay okay
blockchain like three of you okay okay
blockchain like three of you okay okay that’s a little bit challenging we’ll
that’s a little bit challenging we’ll
that’s a little bit challenging we’ll work on that how many of you heard of
work on that how many of you heard of
work on that how many of you heard of Bitcoin oh you all heard of Bitcoin
Bitcoin oh you all heard of Bitcoin
Bitcoin oh you all heard of Bitcoin okay now that’s interesting blockchain
okay now that’s interesting blockchain
okay now that’s interesting blockchain is what makes Bitcoin work it is the
is what makes Bitcoin work it is the
is what makes Bitcoin work it is the underlying technology that allows for
underlying technology that allows for
underlying technology that allows for decentralization Bitcoin is just a
decentralization Bitcoin is just a
decentralization Bitcoin is just a currency and we’re going to get to that
currency and we’re going to get to that
currency and we’re going to get to that in the middle one of the things to think
in the middle one of the things to think
in the middle one of the things to think about when we think about
about when we think about
about when we think about decentralization is is it possible for
decentralization is is it possible for
decentralization is is it possible for all of us to be connected to all of us
all of us to be connected to all of us
all of us to be connected to all of us and it completely decentralized in self
and it completely decentralized in self
and it completely decentralized in self or during manner what would that look
or during manner what would that look
or during manner what would that look like what would it look like if we
like what would it look like if we
like what would it look like if we didn’t need intermediaries anymore what
didn’t need intermediaries anymore what
didn’t need intermediaries anymore what would it look like if we didn’t need
would it look like if we didn’t need
would it look like if we didn’t need someone to bestow on us those human
someone to bestow on us those human
someone to bestow on us those human rights so let’s look at some examples
rights so let’s look at some examples
rights so let’s look at some examples most scholars agree and believe that the
most scholars agree and believe that the
most scholars agree and believe that the first human writing was about capturing
first human writing was about capturing
first human writing was about capturing transactions I gave you this and you
transactions I gave you this and you
transactions I gave you this and you gave me that and we agreed it makes
gave me that and we agreed it makes
gave me that and we agreed it makes sense why well because we needed to keep
sense why well because we needed to keep
sense why well because we needed to keep a record and we needed to trust that
a record and we needed to trust that
a record and we needed to trust that record we needed a trusted intermediary
record we needed a trusted intermediary
record we needed a trusted intermediary so we invented first Ledger’s and what
so we invented first Ledger’s and what
so we invented first Ledger’s and what end
end
end happening was is we found a way that we
happening was is we found a way that we
happening was is we found a way that we can transact with each other it was a
can transact with each other it was a
can transact with each other it was a way that we could kind of keep both
way that we could kind of keep both
way that we could kind of keep both sides honest to an extent I’ll make a
sides honest to an extent I’ll make a
sides honest to an extent I’ll make a simple statement in order to transact
simple statement in order to transact
simple statement in order to transact with you I must trust you I’ll say that
with you I must trust you I’ll say that
with you I must trust you I’ll say that again in order to transact with you I
again in order to transact with you I
again in order to transact with you I must trust you now I’m not an attorney
must trust you now I’m not an attorney
must trust you now I’m not an attorney but I’ve read a whole lot of contracts
but I’ve read a whole lot of contracts
but I’ve read a whole lot of contracts and if you’ve never had a contract
and if you’ve never had a contract
and if you’ve never had a contract basically they follow a following format
basically they follow a following format
basically they follow a following format right I’m gonna do this and you’re gonna
right I’m gonna do this and you’re gonna
right I’m gonna do this and you’re gonna do this and we’re gonna change this and
do this and we’re gonna change this and
do this and we’re gonna change this and here’s a bunch of really bad stuff
here’s a bunch of really bad stuff
here’s a bunch of really bad stuff that’s gonna happen if you try to screw
that’s gonna happen if you try to screw
that’s gonna happen if you try to screw me which by the way I completely expect
me which by the way I completely expect
me which by the way I completely expect okay does that sound like a contract to
okay does that sound like a contract to
okay does that sound like a contract to you it’s exactly right so we said okay
you it’s exactly right so we said okay
you it’s exactly right so we said okay well we’re gonna do these things and
well we’re gonna do these things and
well we’re gonna do these things and that’s cool but they have no teeth what
that’s cool but they have no teeth what
that’s cool but they have no teeth what do we do well we’re gonna invent this
do we do well we’re gonna invent this
do we do well we’re gonna invent this trusted intermediary and we’re gonna
trusted intermediary and we’re gonna
trusted intermediary and we’re gonna call them quartz and the quartz now have
call them quartz and the quartz now have
call them quartz and the quartz now have the authority to go ahead and tell us
the authority to go ahead and tell us
the authority to go ahead and tell us what’s right so now we don’t trust each
what’s right so now we don’t trust each
what’s right so now we don’t trust each other but we trust that the court is
other but we trust that the court is
other but we trust that the court is going to go ahead and work that out
going to go ahead and work that out
going to go ahead and work that out how’s that working for you by the way
how’s that working for you by the way
how’s that working for you by the way right bit of a challenge so we had this
right bit of a challenge so we had this
right bit of a challenge so we had this centralized service so think about all
centralized service so think about all
centralized service so think about all the different intermediaries in your
the different intermediaries in your
the different intermediaries in your life think about the courts for law
life think about the courts for law
life think about the courts for law banks the DMV there are dozens and
banks the DMV there are dozens and
banks the DMV there are dozens and dozens of intermediaries in life that
dozens of intermediaries in life that
dozens of intermediaries in life that you don’t even think about credit
you don’t even think about credit
you don’t even think about credit reporting agencies etc let’s use another
reporting agencies etc let’s use another
reporting agencies etc let’s use another example let’s talk about Hoover for a
example let’s talk about Hoover for a
example let’s talk about Hoover for a second first we had taxis and taxis were
second first we had taxis and taxis were
second first we had taxis and taxis were completely distributed you can go to any
completely distributed you can go to any
completely distributed you can go to any city in the world you can go to Paris
city in the world you can go to Paris
city in the world you can go to Paris you go to New York can go to Chicago you
you go to New York can go to Chicago you
you go to New York can go to Chicago you can go to LA you can hail a taxi those
can go to LA you can hail a taxi those
can go to LA you can hail a taxi those taxis are completely separated from each
taxis are completely separated from each
taxis are completely separated from each other they have no relationship with
other they have no relationship with
other they have no relationship with each other they are completely
each other they are completely
each other they are completely decentralized and the number comes along
decentralized and the number comes along
decentralized and the number comes along and says you know what here’s what we’re
and says you know what here’s what we’re
and says you know what here’s what we’re gonna do we’re going to centralize that
gonna do we’re going to centralize that
gonna do we’re going to centralize that service so no matter where you are in
service so no matter where you are in
service so no matter where you are in the world you can pick up our app and
the world you can pick up our app and
the world you can pick up our app and you can go ahead and call a cab so we
you can go ahead and call a cab so we
you can go ahead and call a cab so we centralized we created a trusted
centralized we created a trusted
centralized we created a trusted intermediary for ride-sharing
intermediary for ride-sharing
intermediary for ride-sharing what if however we were to flatten that
what if however we were to flatten that
what if however we were to flatten that out if we were to squash it down what if
out if we were to squash it down what if
out if we were to squash it down what if everyone in the world who was looking
everyone in the world who was looking
everyone in the world who was looking for a ride could connect to everyone in
for a ride could connect to everyone in
for a ride could connect to everyone in the world who was willing to provide a
the world who was willing to provide a
the world who was willing to provide a ride what if they were able to transact
ride what if they were able to transact
ride what if they were able to transact automatically through something we call
automatically through something we call
automatically through something we call smart contracts
smart contracts
smart contracts what would that look like we would out
what would that look like we would out
what would that look like we would out uber uber right we would disintermediate
uber uber right we would disintermediate
uber uber right we would disintermediate the centralized structure of uber so if
the centralized structure of uber so if
the centralized structure of uber so if we can do that for taxis what else can
we can do that for taxis what else can
we can do that for taxis what else can we do it for it’s an interesting
we do it for it’s an interesting
we do it for it’s an interesting question what else can we squash well
question what else can we squash well
question what else can we squash well let’s begin with something near and dear
let’s begin with something near and dear
let’s begin with something near and dear to most of our hearts money okay so the
to most of our hearts money okay so the
to most of our hearts money okay so the first instantiation of blockchain and
first instantiation of blockchain and
first instantiation of blockchain and decentralization are actually in
decentralization are actually in
decentralization are actually in currency so what is currency well let’s
currency so what is currency well let’s
currency so what is currency well let’s take a look I got two pieces of paper
take a look I got two pieces of paper
take a look I got two pieces of paper here US Dollars one is worth one dollar
here US Dollars one is worth one dollar
here US Dollars one is worth one dollar one is worth fifty dollars why can
one is worth fifty dollars why can
one is worth fifty dollars why can anybody answer because you said so
anybody answer because you said so
anybody answer because you said so because the government sets all right
because the government sets all right
because the government sets all right these are the exact same pieces of paper
these are the exact same pieces of paper
these are the exact same pieces of paper this one that’s a slightly different set
this one that’s a slightly different set
this one that’s a slightly different set of squiggly lines than this one does
of squiggly lines than this one does
of squiggly lines than this one does right but this one is worth 50 times
right but this one is worth 50 times
right but this one is worth 50 times what this one is worth these are called
what this one is worth these are called
what this one is worth these are called fiat currencies fiat currencies have no
fiat currencies fiat currencies have no
fiat currencies fiat currencies have no real use in and of themselves they are
real use in and of themselves they are
real use in and of themselves they are worth what they say they’re worth for
worth what they say they’re worth for
worth what they say they’re worth for two reasons one is the government says
two reasons one is the government says
two reasons one is the government says so or two is we agree that this one’s
so or two is we agree that this one’s
so or two is we agree that this one’s worth 15 this one’s worth a single see a
worth 15 this one’s worth a single see a
worth 15 this one’s worth a single see a sort of a group delusion we all agree
sort of a group delusion we all agree
sort of a group delusion we all agree that these currencies are of value so it
that these currencies are of value so it
that these currencies are of value so it starts to think and percolate right well
starts to think and percolate right well
starts to think and percolate right well if that’s true if we can all agree on a
if that’s true if we can all agree on a
if that’s true if we can all agree on a currency and a value is there another
currency and a value is there another
currency and a value is there another way to look at this do we need an
way to look at this do we need an
way to look at this do we need an intermediary and this is an experiment
intermediary and this is an experiment
intermediary and this is an experiment in that so the first hypothesis around
in that so the first hypothesis around
in that so the first hypothesis around blockchain and centralization is this
blockchain and centralization is this
blockchain and centralization is this concept of cryptocurrencies now you’re
concept of cryptocurrencies now you’re
concept of cryptocurrencies now you’re going to see an explosion in here around
going to see an explosion in here around
going to see an explosion in here around 2017 what this is showing is use icos
2017 what this is showing is use icos
2017 what this is showing is use icos these are cryptocurrencies that are
these are cryptocurrencies that are
these are cryptocurrencies that are beginning to pop up on the market and
beginning to pop up on the market and
beginning to pop up on the market and you’re going to see the explosion right
you’re going to see the explosion right
you’re going to see the explosion right about now each of these are completely
about now each of these are completely
about now each of these are completely decentralized cryptocurrencies where
decentralized cryptocurrencies where
decentralized cryptocurrencies where organizations and groups got together
organizations and groups got together
organizations and groups got together and said we agree that this thing has a
and said we agree that this thing has a
and said we agree that this thing has a value and we will transact directly with
value and we will transact directly with
value and we will transact directly with each other using that value there are
each other using that value there are
each other using that value there are thousands and thousands of
thousands and thousands of
thousands and thousands of cryptocurrencies of every different
cryptocurrencies of every different
cryptocurrencies of every different strike you can’t imagine an Akeem
strike you can’t imagine an Akeem
strike you can’t imagine an Akeem whopper coin
whopper coin
whopper coin many of them are useless okay well what
many of them are useless okay well what
many of them are useless okay well what happens is the beginning of any new
happens is the beginning of any new
happens is the beginning of any new revolution you see this you see
revolution you see this you see
revolution you see this you see divergence and what will happen over
divergence and what will happen over
divergence and what will happen over time is these thousands will become
time is these thousands will become
time is these thousands will become hundreds and the hundreds will become
hundreds and the hundreds will become
hundreds and the hundreds will become dozens and then over time we will find
dozens and then over time we will find
dozens and then over time we will find select cryptocurrencies decentralized
select cryptocurrencies decentralized
select cryptocurrencies decentralized cryptocurrencies that reach the sanctity
cryptocurrencies that reach the sanctity
cryptocurrencies that reach the sanctity and fidelity of fiat currency that is
and fidelity of fiat currency that is
and fidelity of fiat currency that is they are as widely held and as
they are as widely held and as
they are as widely held and as recognized in value as the dollars in
recognized in value as the dollars in
recognized in value as the dollars in our pocket so let’s think about this if
our pocket so let’s think about this if
our pocket so let’s think about this if we take blockchain and we take
we take blockchain and we take
we take blockchain and we take decentralization and we apply it to
decentralization and we apply it to
decentralization and we apply it to economics we can decentralized currency
economics we can decentralized currency
economics we can decentralized currency if we take that same mindset that same
if we take that same mindset that same
if we take that same mindset that same approach if we take blockchain and
approach if we take blockchain and
approach if we take blockchain and decentralization and apply it to the law
decentralization and apply it to the law
decentralization and apply it to the law and legal structures we can be
and legal structures we can be
and legal structures we can be centralized rights so your rights don’t
centralized rights so your rights don’t
centralized rights so your rights don’t have to be bestowed upon you they can be
have to be bestowed upon you they can be
have to be bestowed upon you they can be instantiated by us in agreement by us
instantiated by us in agreement by us
instantiated by us in agreement by us and here’s where we begin I told you
and here’s where we begin I told you
and here’s where we begin I told you that you had 30 human rights according
that you had 30 human rights according
that you had 30 human rights according Eleanor Roosevelt thank you Eleanor
Eleanor Roosevelt thank you Eleanor
Eleanor Roosevelt thank you Eleanor you’re 30 first human right the first
you’re 30 first human right the first
you’re 30 first human right the first digital human right the first right
digital human right the first right
digital human right the first right instantiated in the 21st century will be
instantiated in the 21st century will be
instantiated in the 21st century will be one that we create ourselves every human
one that we create ourselves every human
one that we create ourselves every human being owns their data and that data is
being owns their data and that data is
being owns their data and that data is your property I’ll say that again your
your property I’ll say that again your
your property I’ll say that again your data is your property you own it it has
data is your property you own it it has
data is your property you own it it has value and if we all agree on that we can
value and if we all agree on that we can
value and if we all agree on that we can instantiate that so how does that look
instantiate that so how does that look
instantiate that so how does that look what does that do the first 30 human
what does that do the first 30 human
what does that do the first 30 human rights were created over a course of
rights were created over a course of
rights were created over a course of 3,000 years it happens slowly it
3,000 years it happens slowly it
3,000 years it happens slowly it happened in a centralized way they were
happened in a centralized way they were
happened in a centralized way they were handed to us
handed to us
handed to us they were bestow it upon us by God in
they were bestow it upon us by God in
they were bestow it upon us by God in government but we’re at an inflection
government but we’re at an inflection
government but we’re at an inflection point now we can change that initiative
point now we can change that initiative
point now we can change that initiative we can change that incentive we can move
we can change that incentive we can move
we can change that incentive we can move things forward much much faster in fact
things forward much much faster in fact
things forward much much faster in fact in the next hundred years we can have
in the next hundred years we can have
in the next hundred years we can have another 30 rights if we create them
another 30 rights if we create them
another 30 rights if we create them ourselves and they can come from
ourselves and they can come from
ourselves and they can come from anywhere
anywhere
anywhere it’s not me telling you what your rights
it’s not me telling you what your rights
it’s not me telling you what your rights are it’s you instantiating the rights
are it’s you instantiating the rights
are it’s you instantiating the rights and if we have enough consensus if
and if we have enough consensus if
and if we have enough consensus if enough people believe that this thing is
enough people believe that this thing is
enough people believe that this thing is a right
a right
a right it’s a right if enough people believe a
it’s a right if enough people believe a
it’s a right if enough people believe a dollar is a dollar it’s a dollar so what
dollar is a dollar it’s a dollar so what
dollar is a dollar it’s a dollar so what does that look like what happens if you
does that look like what happens if you
does that look like what happens if you own your data what happens to the
own your data what happens to the
own your data what happens to the robbery we talked about earlier because
robbery we talked about earlier because
robbery we talked about earlier because if your data has value
if your data has value
if your data has value shouldn’t you receive something for that
shouldn’t you receive something for that
shouldn’t you receive something for that shouldn’t that value be yours what
shouldn’t that value be yours what
shouldn’t that value be yours what happens when the quantified self becomes
happens when the quantified self becomes
happens when the quantified self becomes the monetized self what’s what’s the
the monetized self what’s what’s the
the monetized self what’s what’s the socio-economic impact of all of this
socio-economic impact of all of this
socio-economic impact of all of this money flowing back to the people who own
money flowing back to the people who own
money flowing back to the people who own and create it what if you had the
and create it what if you had the
and create it what if you had the ability to control and authorize who had
ability to control and authorize who had
ability to control and authorize who had access for what purpose under what terms
access for what purpose under what terms
access for what purpose under what terms what if you had over for money right
what if you had over for money right
what if you had over for money right think about it that way so if we
think about it that way so if we
think about it that way so if we decentralized rights how can we
decentralized rights how can we
decentralized rights how can we accelerate that we can take
accelerate that we can take
accelerate that we can take cryptocurrencies we’ve applied
cryptocurrencies we’ve applied
cryptocurrencies we’ve applied decentralization and applied it to
decentralization and applied it to
decentralization and applied it to economics we have currency if we apply
economics we have currency if we apply
economics we have currency if we apply the same thing for law we can have
the same thing for law we can have
the same thing for law we can have crypto built rights you own your data
crypto built rights you own your data
crypto built rights you own your data your data is your property your property
your data is your property your property
your data is your property your property has value and you are entitled to that
has value and you are entitled to that
has value and you are entitled to that value this will be the next human right
value this will be the next human right
value this will be the next human right that we recognize the thirty-first human
that we recognize the thirty-first human
that we recognize the thirty-first human right the first right for the digital
right the first right for the digital
right the first right for the digital age my name is Michael De Palma on
age my name is Michael De Palma on
age my name is Michael De Palma on behalf of humanity thank you
behalf of humanity thank you
behalf of humanity thank you [Applause]
[Applause]
[Applause] [Music]
[Music] [Applause]
so all of you right now are being robbed
so all of you right now are being robbed you don’t realize it I’ll say that again
you don’t realize it I’ll say that again
you don’t realize it I’ll say that again in case you lost the nuance every one of
in case you lost the nuance every one of
in case you lost the nuance every one of you is being robbed right now not just
you is being robbed right now not just
you is being robbed right now not just you but everyone you know your mom your
you but everyone you know your mom your
you but everyone you know your mom your dad your brother your sister your
dad your brother your sister your
dad your brother your sister your co-workers everyone you know including
co-workers everyone you know including
co-workers everyone you know including me you see all of us have our data data
me you see all of us have our data data
me you see all of us have our data data about us being bought and sold every day
about us being bought and sold every day
about us being bought and sold every day to the tune of tens and hundreds of
to the tune of tens and hundreds of
to the tune of tens and hundreds of billions of dollars a year money that we
billions of dollars a year money that we
billions of dollars a year money that we don’t see why it’s an interesting
don’t see why it’s an interesting
don’t see why it’s an interesting question isn’t it if it’s your data you
question isn’t it if it’s your data you
question isn’t it if it’s your data you see we are all serfs in a digital feudal
see we are all serfs in a digital feudal
see we are all serfs in a digital feudal system that sprang up under our very
system that sprang up under our very
system that sprang up under our very noses we didn’t even realize it was
noses we didn’t even realize it was
noses we didn’t even realize it was there we were so busy just pumping our
there we were so busy just pumping our
there we were so busy just pumping our data into everything that was out there
data into everything that was out there
data into everything that was out there every app we had to play farmville we
every app we had to play farmville we
every app we had to play farmville we had to know which Kardashian we were
had to know which Kardashian we were
had to know which Kardashian we were right
right
right I think I’m Chloe I’m not really sure I
I think I’m Chloe I’m not really sure I
I think I’m Chloe I’m not really sure I have to work on that okay you keep
have to work on that okay you keep
have to work on that okay you keep pumping your information out now you may
pumping your information out now you may
pumping your information out now you may say but Michael you know there’s a lot
say but Michael you know there’s a lot
say but Michael you know there’s a lot of conversation around this right now
of conversation around this right now
of conversation around this right now and there is and that’s good you see but
and there is and that’s good you see but
and there is and that’s good you see but it’s the wrong conversation and here’s
it’s the wrong conversation and here’s
it’s the wrong conversation and here’s why the conversation that you’re hearing
why the conversation that you’re hearing
why the conversation that you’re hearing in the news today is about privacy and
in the news today is about privacy and
in the news today is about privacy and while important the conversation we need
while important the conversation we need
while important the conversation we need to have is about property so let’s think
to have is about property so let’s think
to have is about property so let’s think about that for a second who owns your
about that for a second who owns your
about that for a second who owns your data that’s the fundamental question I
data that’s the fundamental question I
data that’s the fundamental question I want you to consider right now who owns
want you to consider right now who owns
want you to consider right now who owns your information is it you is it the
your information is it you is it the
your information is it you is it the system that it’s placed in it’s an
system that it’s placed in it’s an
system that it’s placed in it’s an interesting question so let’s put aside
interesting question so let’s put aside
interesting question so let’s put aside the privacy have for a second and talk
the privacy have for a second and talk
the privacy have for a second and talk about property for a moment in an order
about property for a moment in an order
about property for a moment in an order consider property and really understand
consider property and really understand
consider property and really understand ownership we actually have to understand
ownership we actually have to understand
ownership we actually have to understand human rights and now it may seem like a
human rights and now it may seem like a
human rights and now it may seem like a stretch but it’s actually critically
stretch but it’s actually critically
stretch but it’s actually critically important so where the human rights come
important so where the human rights come
important so where the human rights come from
from
from you have a sense that you have them
you have a sense that you have them
you have a sense that you have them they’re probably hard to articulate very
they’re probably hard to articulate very
they’re probably hard to articulate very broadly we can say human rights are
broadly we can say human rights are
broadly we can say human rights are those rights that we have intrinsically
those rights that we have intrinsically
those rights that we have intrinsically and inherent because we are born human
and inherent because we are born human
and inherent because we are born human now it tends to vary a little bit
now it tends to vary a little bit
now it tends to vary a little bit according to where you live by the way
according to where you live by the way
according to where you live by the way as you know you no doubt right that’s by
as you know you no doubt right that’s by
as you know you no doubt right that’s by the way part of the problem because we
the way part of the problem because we
the way part of the problem because we have this sense that human rights are
have this sense that human rights are
have this sense that human rights are given to us that they are bestowed upon
given to us that they are bestowed upon
given to us that they are bestowed upon us by some other entity God or
us by some other entity God or
us by some other entity God or government so the story at least in the
government so the story at least in the
government so the story at least in the modern age may surprise you it actually
modern age may surprise you it actually
modern age may surprise you it actually begins with Eleanor Roosevelt you see in
begins with Eleanor Roosevelt you see in
begins with Eleanor Roosevelt you see in 1948 fresh off of the atrocities of
1948 fresh off of the atrocities of
1948 fresh off of the atrocities of World War two Eleanor Roosevelt worked
World War two Eleanor Roosevelt worked
World War two Eleanor Roosevelt worked with the then-fledgling UN to charter
with the then-fledgling UN to charter
with the then-fledgling UN to charter the Universal Declaration of Human
the Universal Declaration of Human
the Universal Declaration of Human Rights a list of 30 human rights that
Rights a list of 30 human rights that
Rights a list of 30 human rights that were intrinsically and inherently yours
were intrinsically and inherently yours
were intrinsically and inherently yours as human beings all of us regardless of
as human beings all of us regardless of
as human beings all of us regardless of race or color or creed or age or
race or color or creed or age or
race or color or creed or age or nationality or ethnicity any qualifier
nationality or ethnicity any qualifier
nationality or ethnicity any qualifier you had these basic human rights and
you had these basic human rights and
you had these basic human rights and there were 30 why thirty it’s a good
there were 30 why thirty it’s a good
there were 30 why thirty it’s a good question
question
question what were they you have the right to
what were they you have the right to
what were they you have the right to life and liberty you have freedom from
life and liberty you have freedom from
life and liberty you have freedom from being tortured and persecution you have
being tortured and persecution you have
being tortured and persecution you have the right to be educated and to work you
the right to be educated and to work you
the right to be educated and to work you have the right to freedom of expression
have the right to freedom of expression
have the right to freedom of expression these are all basic things things that
these are all basic things things that
these are all basic things things that we kind of take for granted but did
we kind of take for granted but did
we kind of take for granted but did human rights begin with Eleanor
human rights begin with Eleanor
human rights begin with Eleanor Roosevelt highly unlikely
Roosevelt highly unlikely
Roosevelt highly unlikely so let’s look back in history this is
so let’s look back in history this is
so let’s look back in history this is the Cyrus scroll Cyrus the Great 539 BC
the Cyrus scroll Cyrus the Great 539 BC
the Cyrus scroll Cyrus the Great 539 BC some look at this and think this is the
some look at this and think this is the
some look at this and think this is the beginning of human rights the first time
beginning of human rights the first time
beginning of human rights the first time we identified and codified human rights
we identified and codified human rights
we identified and codified human rights or you can go back further code of
or you can go back further code of
or you can go back further code of hammurabi 1754 BC we can go further
hammurabi 1754 BC we can go further
hammurabi 1754 BC we can go further Magna Carta 1215 US Constitution 1791
Magna Carta 1215 US Constitution 1791
Magna Carta 1215 US Constitution 1791 each of them building on the last each
each of them building on the last each
each of them building on the last each of them expressing what they believed
of them expressing what they believed
of them expressing what they believed human rights should be at that moment
human rights should be at that moment
human rights should be at that moment now here’s an interesting thought I want
now here’s an interesting thought I want
now here’s an interesting thought I want you to all consider every law when it’s
you to all consider every law when it’s
you to all consider every law when it’s created is reflective of the time and
created is reflective of the time and
created is reflective of the time and environment in which it’s created now
environment in which it’s created now
environment in which it’s created now that seems very simple but think
that seems very simple but think
that seems very simple but think about it right we are trying to solve
about it right we are trying to solve
about it right we are trying to solve for a very specific problem at that
for a very specific problem at that
for a very specific problem at that point in time and a problem that exists
point in time and a problem that exists
point in time and a problem that exists that we can solve using the technologies
that we can solve using the technologies
that we can solve using the technologies of our time now sometimes that gets us
of our time now sometimes that gets us
of our time now sometimes that gets us in trouble because it’s really tough for
in trouble because it’s really tough for
in trouble because it’s really tough for lawmakers to foresee what the future
lawmakers to foresee what the future
lawmakers to foresee what the future will look like particularly if the
will look like particularly if the
will look like particularly if the future is far out sometimes you get in
future is far out sometimes you get in
future is far out sometimes you get in trouble let me give you an example a
trouble let me give you an example a
trouble let me give you an example a well-regulated militia being necessary
well-regulated militia being necessary
well-regulated militia being necessary to the security of a free state that one
to the security of a free state that one
to the security of a free state that one tends to be a little bit problematic
tends to be a little bit problematic
tends to be a little bit problematic right now and that’s not unique as it
right now and that’s not unique as it
right now and that’s not unique as it turns out all of them are a challenge so
turns out all of them are a challenge so
turns out all of them are a challenge so we need to think about that there’s one
we need to think about that there’s one
we need to think about that there’s one other thing I want you to consider as
other thing I want you to consider as
other thing I want you to consider as well when we talk about human rights in
well when we talk about human rights in
well when we talk about human rights in law in general is that it every one of
law in general is that it every one of
law in general is that it every one of the examples I gave you before every one
the examples I gave you before every one
the examples I gave you before every one of these laws every one of these rights
of these laws every one of these rights
of these laws every one of these rights came to us from one place it was one
came to us from one place it was one
came to us from one place it was one person or one organization it was a king
person or one organization it was a king
person or one organization it was a king it was right the framers of the
it was right the framers of the
it was right the framers of the Constitution it was a group it’s a small
Constitution it was a group it’s a small
Constitution it was a group it’s a small group central group which then said to
group central group which then said to
group central group which then said to us here are your rights ok makes sense
us here are your rights ok makes sense
us here are your rights ok makes sense you see so centralization has been a
you see so centralization has been a
you see so centralization has been a common theme in the way that we think
common theme in the way that we think
common theme in the way that we think about problems every one of you if you
about problems every one of you if you
about problems every one of you if you have a job you have a boss your boss has
have a job you have a boss your boss has
have a job you have a boss your boss has a boss we’re used to hierarchical
a boss we’re used to hierarchical
a boss we’re used to hierarchical structures it’s the way human beings
structures it’s the way human beings
structures it’s the way human beings have organized in modern history for
have organized in modern history for
have organized in modern history for many many many years why it was the
many many many years why it was the
many many many years why it was the simplest way to get things done we live
simplest way to get things done we live
simplest way to get things done we live in a representative democracy we have a
in a representative democracy we have a
in a representative democracy we have a whole lot of people who elect one person
whole lot of people who elect one person
whole lot of people who elect one person to represent us to then go have
to represent us to then go have
to represent us to then go have conversations on our behalf
conversations on our behalf
conversations on our behalf that’s centralization it’s also an
that’s centralization it’s also an
that’s centralization it’s also an interesting jumping-off point for the
interesting jumping-off point for the
interesting jumping-off point for the way we can solve problems in the 21st
way we can solve problems in the 21st
way we can solve problems in the 21st century and that is decentralization now
century and that is decentralization now
century and that is decentralization now it’s not just the opposite it’s a
it’s not just the opposite it’s a
it’s not just the opposite it’s a completely different thing because
completely different thing because
completely different thing because decentralization allows us to flatten
decentralization allows us to flatten
decentralization allows us to flatten structures it allows us to look at
structures it allows us to look at
structures it allows us to look at problems and solutions very very
problems and solutions very very
problems and solutions very very differently instead of having a
differently instead of having a
differently instead of having a representative that we rely on to tell
representative that we rely on to tell
representative that we rely on to tell us something we can have the
us something we can have the
us something we can have the conversations ourselves each of us
conversations ourselves each of us
conversations ourselves each of us connected to each other in real time so
connected to each other in real time so
connected to each other in real time so let’s talk a little bit about how that
let’s talk a little bit about how that
let’s talk a little bit about how that happened
happened
happened now we weren’t always centralized so go
now we weren’t always centralized so go
now we weren’t always centralized so go way back free history we’re
way back free history we’re
way back free history we’re hunter-gatherers we’re wandering around
hunter-gatherers we’re wandering around
hunter-gatherers we’re wandering around as individuals or small family groups
as individuals or small family groups
as individuals or small family groups trying to find resources we’re hunting
trying to find resources we’re hunting
trying to find resources we’re hunting we’re
we’re
we’re gathering if we come in contact with
gathering if we come in contact with
gathering if we come in contact with another group chances are there’s
another group chances are there’s
another group chances are there’s conflict why because we’re all looking
conflict why because we’re all looking
conflict why because we’re all looking at the same resources we are
at the same resources we are
at the same resources we are decentralized we are disorderly there’s
decentralized we are disorderly there’s
decentralized we are disorderly there’s no rhyme or reason to what we do and
no rhyme or reason to what we do and
no rhyme or reason to what we do and what happens is gradually we start to
what happens is gradually we start to
what happens is gradually we start to realize that if we cooperate you know
realize that if we cooperate you know
realize that if we cooperate you know what we’ve got a better shot at this we
what we’ve got a better shot at this we
what we’ve got a better shot at this we can use the resources more wisely so now
can use the resources more wisely so now
can use the resources more wisely so now we have a situation where you’ve got
we have a situation where you’ve got
we have a situation where you’ve got slightly larger groups and we begin to
slightly larger groups and we begin to
slightly larger groups and we begin to see civilization start to flourish we
see civilization start to flourish we
see civilization start to flourish we still have conflict of course if
still have conflict of course if
still have conflict of course if anything we exacerbate that because what
anything we exacerbate that because what
anything we exacerbate that because what happens is some of those groups get a
happens is some of those groups get a
happens is some of those groups get a little bit bigger than those other
little bit bigger than those other
little bit bigger than those other groups and if you’re the big guy what do
groups and if you’re the big guy what do
groups and if you’re the big guy what do you do you take advantage of the little
you do you take advantage of the little
you do you take advantage of the little guy and so when we look into history we
guy and so when we look into history we
guy and so when we look into history we start to see centralization and enforced
start to see centralization and enforced
start to see centralization and enforced order the Roman Empire is a good example
order the Roman Empire is a good example
order the Roman Empire is a good example of this what did they do they want often
of this what did they do they want often
of this what did they do they want often said all right well there you see these
said all right well there you see these
said all right well there you see these other lands that we’re going to conquer
other lands that we’re going to conquer
other lands that we’re going to conquer and they’re going to go ahead and be
and they’re going to go ahead and be
and they’re going to go ahead and be beholden to Roman rule that is a
beholden to Roman rule that is a
beholden to Roman rule that is a centralized structure so how is the 21st
centralized structure so how is the 21st
centralized structure so how is the 21st century different it’s completely
century different it’s completely
century different it’s completely different and I’ll tell you why how many
different and I’ll tell you why how many
different and I’ll tell you why how many of you heard of a technology called
of you heard of a technology called
of you heard of a technology called blockchain like three of you okay okay
blockchain like three of you okay okay
blockchain like three of you okay okay that’s a little bit challenging we’ll
that’s a little bit challenging we’ll
that’s a little bit challenging we’ll work on that how many of you heard of
work on that how many of you heard of
work on that how many of you heard of Bitcoin oh you all heard of Bitcoin
Bitcoin oh you all heard of Bitcoin
Bitcoin oh you all heard of Bitcoin okay now that’s interesting blockchain
okay now that’s interesting blockchain
okay now that’s interesting blockchain is what makes Bitcoin work it is the
is what makes Bitcoin work it is the
is what makes Bitcoin work it is the underlying technology that allows for
underlying technology that allows for
underlying technology that allows for decentralization Bitcoin is just a
decentralization Bitcoin is just a
decentralization Bitcoin is just a currency and we’re going to get to that
currency and we’re going to get to that
currency and we’re going to get to that in the middle one of the things to think
in the middle one of the things to think
in the middle one of the things to think about when we think about
about when we think about
about when we think about decentralization is is it possible for
decentralization is is it possible for
decentralization is is it possible for all of us to be connected to all of us
all of us to be connected to all of us
all of us to be connected to all of us and it completely decentralized in self
and it completely decentralized in self
and it completely decentralized in self or during manner what would that look
or during manner what would that look
or during manner what would that look like what would it look like if we
like what would it look like if we
like what would it look like if we didn’t need intermediaries anymore what
didn’t need intermediaries anymore what
didn’t need intermediaries anymore what would it look like if we didn’t need
would it look like if we didn’t need
would it look like if we didn’t need someone to bestow on us those human
someone to bestow on us those human
someone to bestow on us those human rights so let’s look at some examples
rights so let’s look at some examples
rights so let’s look at some examples most scholars agree and believe that the
most scholars agree and believe that the
most scholars agree and believe that the first human writing was about capturing
first human writing was about capturing
first human writing was about capturing transactions I gave you this and you
transactions I gave you this and you
transactions I gave you this and you gave me that and we agreed it makes
gave me that and we agreed it makes
gave me that and we agreed it makes sense why well because we needed to keep
sense why well because we needed to keep
sense why well because we needed to keep a record and we needed to trust that
a record and we needed to trust that
a record and we needed to trust that record we needed a trusted intermediary
record we needed a trusted intermediary
record we needed a trusted intermediary so we invented first Ledger’s and what
so we invented first Ledger’s and what
so we invented first Ledger’s and what end
end
end happening was is we found a way that we
happening was is we found a way that we
happening was is we found a way that we can transact with each other it was a
can transact with each other it was a
can transact with each other it was a way that we could kind of keep both
way that we could kind of keep both
way that we could kind of keep both sides honest to an extent I’ll make a
sides honest to an extent I’ll make a
sides honest to an extent I’ll make a simple statement in order to transact
simple statement in order to transact
simple statement in order to transact with you I must trust you I’ll say that
with you I must trust you I’ll say that
with you I must trust you I’ll say that again in order to transact with you I
again in order to transact with you I
again in order to transact with you I must trust you now I’m not an attorney
must trust you now I’m not an attorney
must trust you now I’m not an attorney but I’ve read a whole lot of contracts
but I’ve read a whole lot of contracts
but I’ve read a whole lot of contracts and if you’ve never had a contract
and if you’ve never had a contract
and if you’ve never had a contract basically they follow a following format
basically they follow a following format
basically they follow a following format right I’m gonna do this and you’re gonna
right I’m gonna do this and you’re gonna
right I’m gonna do this and you’re gonna do this and we’re gonna change this and
do this and we’re gonna change this and
do this and we’re gonna change this and here’s a bunch of really bad stuff
here’s a bunch of really bad stuff
here’s a bunch of really bad stuff that’s gonna happen if you try to screw
that’s gonna happen if you try to screw
that’s gonna happen if you try to screw me which by the way I completely expect
me which by the way I completely expect
me which by the way I completely expect okay does that sound like a contract to
okay does that sound like a contract to
okay does that sound like a contract to you it’s exactly right so we said okay
you it’s exactly right so we said okay
you it’s exactly right so we said okay well we’re gonna do these things and
well we’re gonna do these things and
well we’re gonna do these things and that’s cool but they have no teeth what
that’s cool but they have no teeth what
that’s cool but they have no teeth what do we do well we’re gonna invent this
do we do well we’re gonna invent this
do we do well we’re gonna invent this trusted intermediary and we’re gonna
trusted intermediary and we’re gonna
trusted intermediary and we’re gonna call them quartz and the quartz now have
call them quartz and the quartz now have
call them quartz and the quartz now have the authority to go ahead and tell us
the authority to go ahead and tell us
the authority to go ahead and tell us what’s right so now we don’t trust each
what’s right so now we don’t trust each
what’s right so now we don’t trust each other but we trust that the court is
other but we trust that the court is
other but we trust that the court is going to go ahead and work that out
going to go ahead and work that out
going to go ahead and work that out how’s that working for you by the way
how’s that working for you by the way
how’s that working for you by the way right bit of a challenge so we had this
right bit of a challenge so we had this
right bit of a challenge so we had this centralized service so think about all
centralized service so think about all
centralized service so think about all the different intermediaries in your
the different intermediaries in your
the different intermediaries in your life think about the courts for law
life think about the courts for law
life think about the courts for law banks the DMV there are dozens and
banks the DMV there are dozens and
banks the DMV there are dozens and dozens of intermediaries in life that
dozens of intermediaries in life that
dozens of intermediaries in life that you don’t even think about credit
you don’t even think about credit
you don’t even think about credit reporting agencies etc let’s use another
reporting agencies etc let’s use another
reporting agencies etc let’s use another example let’s talk about Hoover for a
example let’s talk about Hoover for a
example let’s talk about Hoover for a second first we had taxis and taxis were
second first we had taxis and taxis were
second first we had taxis and taxis were completely distributed you can go to any
completely distributed you can go to any
completely distributed you can go to any city in the world you can go to Paris
city in the world you can go to Paris
city in the world you can go to Paris you go to New York can go to Chicago you
you go to New York can go to Chicago you
you go to New York can go to Chicago you can go to LA you can hail a taxi those
can go to LA you can hail a taxi those
can go to LA you can hail a taxi those taxis are completely separated from each
taxis are completely separated from each
taxis are completely separated from each other they have no relationship with
other they have no relationship with
other they have no relationship with each other they are completely
each other they are completely
each other they are completely decentralized and the number comes along
decentralized and the number comes along
decentralized and the number comes along and says you know what here’s what we’re
and says you know what here’s what we’re
and says you know what here’s what we’re gonna do we’re going to centralize that
gonna do we’re going to centralize that
gonna do we’re going to centralize that service so no matter where you are in
service so no matter where you are in
service so no matter where you are in the world you can pick up our app and
the world you can pick up our app and
the world you can pick up our app and you can go ahead and call a cab so we
you can go ahead and call a cab so we
you can go ahead and call a cab so we centralized we created a trusted
centralized we created a trusted
centralized we created a trusted intermediary for ride-sharing
intermediary for ride-sharing
intermediary for ride-sharing what if however we were to flatten that
what if however we were to flatten that
what if however we were to flatten that out if we were to squash it down what if
out if we were to squash it down what if
out if we were to squash it down what if everyone in the world who was looking
everyone in the world who was looking
everyone in the world who was looking for a ride could connect to everyone in
for a ride could connect to everyone in
for a ride could connect to everyone in the world who was willing to provide a
the world who was willing to provide a
the world who was willing to provide a ride what if they were able to transact
ride what if they were able to transact
ride what if they were able to transact automatically through something we call
automatically through something we call
automatically through something we call smart contracts
smart contracts
smart contracts what would that look like we would out
what would that look like we would out
what would that look like we would out uber uber right we would disintermediate
uber uber right we would disintermediate
uber uber right we would disintermediate the centralized structure of uber so if
the centralized structure of uber so if
the centralized structure of uber so if we can do that for taxis what else can
we can do that for taxis what else can
we can do that for taxis what else can we do it for it’s an interesting
we do it for it’s an interesting
we do it for it’s an interesting question what else can we squash well
question what else can we squash well
question what else can we squash well let’s begin with something near and dear
let’s begin with something near and dear
let’s begin with something near and dear to most of our hearts money okay so the
to most of our hearts money okay so the
to most of our hearts money okay so the first instantiation of blockchain and
first instantiation of blockchain and
first instantiation of blockchain and decentralization are actually in
decentralization are actually in
decentralization are actually in currency so what is currency well let’s
currency so what is currency well let’s
currency so what is currency well let’s take a look I got two pieces of paper
take a look I got two pieces of paper
take a look I got two pieces of paper here US Dollars one is worth one dollar
here US Dollars one is worth one dollar
here US Dollars one is worth one dollar one is worth fifty dollars why can
one is worth fifty dollars why can
one is worth fifty dollars why can anybody answer because you said so
anybody answer because you said so
anybody answer because you said so because the government sets all right
because the government sets all right
because the government sets all right these are the exact same pieces of paper
these are the exact same pieces of paper
these are the exact same pieces of paper this one that’s a slightly different set
this one that’s a slightly different set
this one that’s a slightly different set of squiggly lines than this one does
of squiggly lines than this one does
of squiggly lines than this one does right but this one is worth 50 times
right but this one is worth 50 times
right but this one is worth 50 times what this one is worth these are called
what this one is worth these are called
what this one is worth these are called fiat currencies fiat currencies have no
fiat currencies fiat currencies have no
fiat currencies fiat currencies have no real use in and of themselves they are
real use in and of themselves they are
real use in and of themselves they are worth what they say they’re worth for
worth what they say they’re worth for
worth what they say they’re worth for two reasons one is the government says
two reasons one is the government says
two reasons one is the government says so or two is we agree that this one’s
so or two is we agree that this one’s
so or two is we agree that this one’s worth 15 this one’s worth a single see a
worth 15 this one’s worth a single see a
worth 15 this one’s worth a single see a sort of a group delusion we all agree
sort of a group delusion we all agree
sort of a group delusion we all agree that these currencies are of value so it
that these currencies are of value so it
that these currencies are of value so it starts to think and percolate right well
starts to think and percolate right well
starts to think and percolate right well if that’s true if we can all agree on a
if that’s true if we can all agree on a
if that’s true if we can all agree on a currency and a value is there another
currency and a value is there another
currency and a value is there another way to look at this do we need an
way to look at this do we need an
way to look at this do we need an intermediary and this is an experiment
intermediary and this is an experiment
intermediary and this is an experiment in that so the first hypothesis around
in that so the first hypothesis around
in that so the first hypothesis around blockchain and centralization is this
blockchain and centralization is this
blockchain and centralization is this concept of cryptocurrencies now you’re
concept of cryptocurrencies now you’re
concept of cryptocurrencies now you’re going to see an explosion in here around
going to see an explosion in here around
going to see an explosion in here around 2017 what this is showing is use icos
2017 what this is showing is use icos
2017 what this is showing is use icos these are cryptocurrencies that are
these are cryptocurrencies that are
these are cryptocurrencies that are beginning to pop up on the market and
beginning to pop up on the market and
beginning to pop up on the market and you’re going to see the explosion right
you’re going to see the explosion right
you’re going to see the explosion right about now each of these are completely
about now each of these are completely
about now each of these are completely decentralized cryptocurrencies where
decentralized cryptocurrencies where
decentralized cryptocurrencies where organizations and groups got together
organizations and groups got together
organizations and groups got together and said we agree that this thing has a
and said we agree that this thing has a
and said we agree that this thing has a value and we will transact directly with
value and we will transact directly with
value and we will transact directly with each other using that value there are
each other using that value there are
each other using that value there are thousands and thousands of
thousands and thousands of
thousands and thousands of cryptocurrencies of every different
cryptocurrencies of every different
cryptocurrencies of every different strike you can’t imagine an Akeem
strike you can’t imagine an Akeem
strike you can’t imagine an Akeem whopper coin
whopper coin
whopper coin many of them are useless okay well what
many of them are useless okay well what
many of them are useless okay well what happens is the beginning of any new
happens is the beginning of any new
happens is the beginning of any new revolution you see this you see
revolution you see this you see
revolution you see this you see divergence and what will happen over
divergence and what will happen over
divergence and what will happen over time is these thousands will become
time is these thousands will become
time is these thousands will become hundreds and the hundreds will become
hundreds and the hundreds will become
hundreds and the hundreds will become dozens and then over time we will find
dozens and then over time we will find
dozens and then over time we will find select cryptocurrencies decentralized
select cryptocurrencies decentralized
select cryptocurrencies decentralized cryptocurrencies that reach the sanctity
cryptocurrencies that reach the sanctity
cryptocurrencies that reach the sanctity and fidelity of fiat currency that is
and fidelity of fiat currency that is
and fidelity of fiat currency that is they are as widely held and as
they are as widely held and as
they are as widely held and as recognized in value as the dollars in
recognized in value as the dollars in
recognized in value as the dollars in our pocket so let’s think about this if
our pocket so let’s think about this if
our pocket so let’s think about this if we take blockchain and we take
we take blockchain and we take
we take blockchain and we take decentralization and we apply it to
decentralization and we apply it to
decentralization and we apply it to economics we can decentralized currency
economics we can decentralized currency
economics we can decentralized currency if we take that same mindset that same
if we take that same mindset that same
if we take that same mindset that same approach if we take blockchain and
approach if we take blockchain and
approach if we take blockchain and decentralization and apply it to the law
decentralization and apply it to the law
decentralization and apply it to the law and legal structures we can be
and legal structures we can be
and legal structures we can be centralized rights so your rights don’t
centralized rights so your rights don’t
centralized rights so your rights don’t have to be bestowed upon you they can be
have to be bestowed upon you they can be
have to be bestowed upon you they can be instantiated by us in agreement by us
instantiated by us in agreement by us
instantiated by us in agreement by us and here’s where we begin I told you
and here’s where we begin I told you
and here’s where we begin I told you that you had 30 human rights according
that you had 30 human rights according
that you had 30 human rights according Eleanor Roosevelt thank you Eleanor
Eleanor Roosevelt thank you Eleanor
Eleanor Roosevelt thank you Eleanor you’re 30 first human right the first
you’re 30 first human right the first
you’re 30 first human right the first digital human right the first right
digital human right the first right
digital human right the first right instantiated in the 21st century will be
instantiated in the 21st century will be
instantiated in the 21st century will be one that we create ourselves every human
one that we create ourselves every human
one that we create ourselves every human being owns their data and that data is
being owns their data and that data is
being owns their data and that data is your property I’ll say that again your
your property I’ll say that again your
your property I’ll say that again your data is your property you own it it has
data is your property you own it it has
data is your property you own it it has value and if we all agree on that we can
value and if we all agree on that we can
value and if we all agree on that we can instantiate that so how does that look
instantiate that so how does that look
instantiate that so how does that look what does that do the first 30 human
what does that do the first 30 human
what does that do the first 30 human rights were created over a course of
rights were created over a course of
rights were created over a course of 3,000 years it happens slowly it
3,000 years it happens slowly it
3,000 years it happens slowly it happened in a centralized way they were
happened in a centralized way they were
happened in a centralized way they were handed to us
handed to us
handed to us they were bestow it upon us by God in
they were bestow it upon us by God in
they were bestow it upon us by God in government but we’re at an inflection
government but we’re at an inflection
government but we’re at an inflection point now we can change that initiative
point now we can change that initiative
point now we can change that initiative we can change that incentive we can move
we can change that incentive we can move
we can change that incentive we can move things forward much much faster in fact
things forward much much faster in fact
things forward much much faster in fact in the next hundred years we can have
in the next hundred years we can have
in the next hundred years we can have another 30 rights if we create them
another 30 rights if we create them
another 30 rights if we create them ourselves and they can come from
ourselves and they can come from
ourselves and they can come from anywhere
anywhere
anywhere it’s not me telling you what your rights
it’s not me telling you what your rights
it’s not me telling you what your rights are it’s you instantiating the rights
are it’s you instantiating the rights
are it’s you instantiating the rights and if we have enough consensus if
and if we have enough consensus if
and if we have enough consensus if enough people believe that this thing is
enough people believe that this thing is
enough people believe that this thing is a right
a right
a right it’s a right if enough people believe a
it’s a right if enough people believe a
it’s a right if enough people believe a dollar is a dollar it’s a dollar so what
dollar is a dollar it’s a dollar so what
dollar is a dollar it’s a dollar so what does that look like what happens if you
does that look like what happens if you
does that look like what happens if you own your data what happens to the
own your data what happens to the
own your data what happens to the robbery we talked about earlier because
robbery we talked about earlier because
robbery we talked about earlier because if your data has value
if your data has value
if your data has value shouldn’t you receive something for that
shouldn’t you receive something for that
shouldn’t you receive something for that shouldn’t that value be yours what
shouldn’t that value be yours what
shouldn’t that value be yours what happens when the quantified self becomes
happens when the quantified self becomes
happens when the quantified self becomes the monetized self what’s what’s the
the monetized self what’s what’s the
the monetized self what’s what’s the socio-economic impact of all of this
socio-economic impact of all of this
socio-economic impact of all of this money flowing back to the people who own
money flowing back to the people who own
money flowing back to the people who own and create it what if you had the
and create it what if you had the
and create it what if you had the ability to control and authorize who had
ability to control and authorize who had
ability to control and authorize who had access for what purpose under what terms
access for what purpose under what terms
access for what purpose under what terms what if you had over for money right
what if you had over for money right
what if you had over for money right think about it that way so if we
think about it that way so if we
think about it that way so if we decentralized rights how can we
decentralized rights how can we
decentralized rights how can we accelerate that we can take
accelerate that we can take
accelerate that we can take cryptocurrencies we’ve applied
cryptocurrencies we’ve applied
cryptocurrencies we’ve applied decentralization and applied it to
decentralization and applied it to
decentralization and applied it to economics we have currency if we apply
economics we have currency if we apply
economics we have currency if we apply the same thing for law we can have
the same thing for law we can have
the same thing for law we can have crypto built rights you own your data
crypto built rights you own your data
crypto built rights you own your data your data is your property your property
your data is your property your property
your data is your property your property has value and you are entitled to that
has value and you are entitled to that
has value and you are entitled to that value this will be the next human right
value this will be the next human right
value this will be the next human right that we recognize the thirty-first human
that we recognize the thirty-first human
that we recognize the thirty-first human right the first right for the digital
right the first right for the digital
right the first right for the digital age my name is Michael De Palma on
age my name is Michael De Palma on
age my name is Michael De Palma on behalf of humanity thank you
behalf of humanity thank you
behalf of humanity thank you [Applause]
[Applause]
[Applause] [Music]
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