future of money

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Slides for a talk on the future of money, at Turing Festival 2013.

TRANSCRIPT

  • 1. Mike Hearn The Future of Money
  • 2. What about now?
  • 3. Ongoing nancial crises What about now?
  • 4. Ongoing nancial crises Coming up: pensions crisis What about now?
  • 5. Ongoing nancial crises Coming up: pensions crisis Also: sovereign independence crisis (FATCA) What about now?
  • 6. Ongoing nancial crises Coming up: pensions crisis Also: sovereign independence crisis (FATCA) What about now?
  • 7. Ongoing nancial crises Coming up: pensions crisis Also: sovereign independence crisis (FATCA) Not going to talk about these today - too depressing! What about now?
  • 8. About Bitcoin
  • 9. About Bitcoin Solution to all those problems!
  • 10. About Bitcoin Solution to all those problems! Does not require banks
  • 11. About Bitcoin Solution to all those problems! Does not require banks Controlled ination
  • 12. About Bitcoin Solution to all those problems! Does not require banks Controlled ination No political interference
  • 13. About Bitcoin Solution to all those problems! Does not require banks Controlled ination No political interference Enables new innovations
  • 14. This talk imagines a world 50 years from now how its impacted by the combination of financial cryptography advanced robotics and lots of other new technologies
  • 15. My name is Mike and I love the future
  • 16. Jen wants to join her friends in the city She nds the ride via the TradeNet The future of taxis
  • 17. The TradeNet is a P2P network Users post demands and traders supply bids The future of taxis
  • 18. TradeNet
  • 19. Standardised broadcast and advertisement mechanism TradeNet
  • 20. Standardised broadcast and advertisement mechanism No direct user interface - specialised apps use it as infrastructure TradeNet
  • 21. Standardised broadcast and advertisement mechanism No direct user interface - specialised apps use it as infrastructure Users software examines bids and selects the best based on TradeNet
  • 22. Standardised broadcast and advertisement mechanism No direct user interface - specialised apps use it as infrastructure Users software examines bids and selects the best based on Previous experiences and prices paid TradeNet
  • 23. Standardised broadcast and advertisement mechanism No direct user interface - specialised apps use it as infrastructure Users software examines bids and selects the best based on Previous experiences and prices paid Anonymized, cryptographically provable ratings and history TradeNet
  • 24. Standardised broadcast and advertisement mechanism No direct user interface - specialised apps use it as infrastructure Users software examines bids and selects the best based on Previous experiences and prices paid Anonymized, cryptographically provable ratings and history Machine learning models that blend many other factors together TradeNet
  • 25. Standardised broadcast and advertisement mechanism No direct user interface - specialised apps use it as infrastructure Users software examines bids and selects the best based on Previous experiences and prices paid Anonymized, cryptographically provable ratings and history Machine learning models that blend many other factors together Intended for fast, lightweight commerce for commodity goods and services TradeNet
  • 26. Vehicles use the TradeNet to nd customers .... ... but also to bid for road space. The future of taxis
  • 27. Who owns this vehicle? Who prots from this trip? The future of taxis
  • 28. What owns this vehicle? What prots from this trip? The future of taxis
  • 29. Autonomous agents
  • 30. Can be pure software or have a hardware component (e.g. self driving car) Autonomous agents
  • 31. Can be pure software or have a hardware component (e.g. self driving car) Agents take part in the TradeNet too Autonomous agents
  • 32. Can be pure software or have a hardware component (e.g. self driving car) Agents take part in the TradeNet too Agents maintain a Bitcoin wallet and use it to pay for their own costs. Autonomous agents
  • 33. Can be pure software or have a hardware component (e.g. self driving car) Agents take part in the TradeNet too Agents maintain a Bitcoin wallet and use it to pay for their own costs. Agents can make a prot. Excess prot is used to spawn children, who then compete against the parents. Autonomous agents
  • 34. Can be pure software or have a hardware component (e.g. self driving car) Agents take part in the TradeNet too Agents maintain a Bitcoin wallet and use it to pay for their own costs. Agents can make a prot. Excess prot is used to spawn children, who then compete against the parents. Agents die if they run out of money and may be deleted, salvaged or go into hibernation Autonomous agents
  • 35. Autonomous agents
  • 36. Their numbers reach equilibrium through m