Hello Next Economists,
The next in a series of monthly meet ups is coming up in 2 weeks. At this event, we will be focusing on crypto-currencies like Bitcoin: how they work and what this new technology implies about possibilities for our economy.
Crypto-currencies, built on the open communication medium of the internet and secured with advanced cryptographic algorithms, stand poised to revolutionize the financial industry the same way that the internet revolutionized the publishing industry. We’ll review, in layman’s terms, how crypto-currencies operate and what makes them different from the financial instruments that we use currently. Then we’ll have an open discussion to explore the implications of this technology and imagine possibilities for the future.
Check out this video for a quick introduction to Bitcoin: short version (5 min) | long version (22min)
What comes after Bitcoin? Distributed Autonomous Organizations take the concept one step further. Many information-based organizations can be run entirely through the internet already. These businesses facilitate personnel and customer interactions, workflows, measurable and accountable results, customer payments and worker compensations, and even governance decision making, all performed via digital channels among geographically distributed workplaces. Typically the software that runs these businesses is cloud-based so it’s accessible to customers and workers from anywhere. What if the rules of that organization – encoded entirely in software – could be created and managed in a distributed and democratically-controlled process?
Check out this article from Shareable magazine: Are you ready to trust a Decentralized Autonomous Organization? for a preview.
Join us to be a part of the conversation:
*UPDATE* The slides used in this presentation are available here: Crypto-Currencies: How do they work?