Blockchain is Eating Wall Street | Alex Tapscott | TEDxSanFrancisco

Author of best seller "blockchain revolution", Alex share in this talk about how the blockchain the technology behind bitcoin Is changing money, business, and the world.
Alex Tapscott is the CEO and Founder of Northwest Passage Ventures, a consulting firm focused on early-stage, high growth companies in the Canadian and U.S. Capital markets. His is also co-author, with Don Tapscott, of the new book Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World (Portfolio / Penguin Random House 2016). Alex was Director of Institutional Equity Sales at Canaccord Genuity Inc. from 2008 to 2015. He managed a diverse client base of value, growth, long/short equity, merger-arbitrage and activist investors, including many of the largest asset managers in Canada and some of the largest hedge funds in New York. A graduate of Amherst College and a CFA Charterholder, Alex serves as a research fellow for the Global Solutions Network (GSN) program at the Martin Prosperity Institute at the Rotman School of Business in Toronto and sits on the board of CAMH Engage, a young leadership counci
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at ted.com/tedx

[@cassiejacobs4197]

When you invest, you're buying a day you don't have to work

[@kelvinpeter8640]

@Hart Thim You're right Sir, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to remain poor

[@grahamroberto6578]

Bitcoin is the most profitable investment online of only you trade with the help of a professional expert

[@jeremygood3246]

I'm from Spain i have been an investor in the crypto market for over 2 years now

[@jeremygood3246]

Now is the best time to purchase and invest in Bitcoin, stop procrastinating!!

[@royalhighness8383]

@The Modern Investor Same here, I wish I knew about this Bitcoin trading earlier, brace up and get yourself some Bitcoin before it's too late

[@dmcsilkroadenterprise2413]

Alex is using his Dad presentation. Just listen to his Don Tapscott. Like father like son. Awesome

[@mbharatm]

wow... almost 5 years later and this rings so true!

[@techlead401]

W•H•A•T•S•A•P•P +•1•3•4•7•9•6•6•2•7•2•6 I•n•v•e•s•tinC•r•y•p•t•o B•T•CA•N•DE•T•H..... .. ... .....

[@satoshinakamoto2127]

That was a phenomenal dissertational speech.

[@iamachs]

Amazing talk so informative, and thought provoking, thank you TED for sharing this, all the best and stay strong!

[@Tokeknudsen]

I love 11:50 .. First i thought it was funny because Alex Tapscott says "half the room got that, half the room didn't" and we afterwards see the room no one but one woman smiling. Tough crowd. BUT. I looked the Two and Twenty rule up, it is a type of compensation structure that hedge fund managers typically employ in which part of compensation is performance-based. This phrase refers to how hedge fund managers charge a flat 2% of total asset value as a management fee and an additional 20% of any profits earned.(Investopopia). - And if the new rule is 0-0, that's quiet a change!

[@bonvabriones]

Toke Knudsen OIC! Thanks ;)

[@thewwwdude]

Did he really evaluate the audience's response to his lead balloon joke? That silence was deafening.

[@crabdabs8497]

He almost seems very jaded about the financial industry at that point its more of a warning than a joke

[@bernardwillis1888]

Amy cuddly

[@AnupamSahbiz]

The best TED talks on blockchain ever!!

[@surendrashekhawat4155]

So what did you do? 😃 it’s crazy u were woke in 2016

[@TortugaLanguageProductions]

amazing TED Talk...thanks for posting on KZbin.!..Blockchain is Eating Wall Street | Alex Tapscott | TEDxSanFrancisco

[@nathanmcdaniel9898]

The evil that is fractional reserve banking and creating money as debt is what needs to end and technologies like this can help.

[@goldnutter412]

Check out Uniris, viva la resistance ? :o just found this one today in an exploding scene, hasnt released yet but its the only one I cant buy into yet that I want to, and has a lot of the best developments of the last two years plus the key to identity security I have always wanted. First thing I did was buy a large amount of bitcoin and silver, and some ETH and LINK, then RSR which is a fantastic investment already for me. Recently with defi obviously starting to grow really fast I had bought into ERD DFI UMA BAND COMP SNX REN BAL these are small investments that all could be dumped if a mass adoption trend begins with Uniris ill only buy a small amount on day1 at an exchange and wait and see, but I have a feeling it could blow up so fast and even eventually dwarf everything except Bitcoin. The PATENTS are held by the foundation along with the source code, the network itself will own the patents if I read right.. my head is spinning :D VIVA LA RESISTANCE ! if anyone would be a good example it would be the French and we are in a remarkably similar situation now

[@thewebmaster1133]

The best ted talk about bitcoin

[@pakoalouimarikika988]

Great, well said

[@VladTN1977]

What a poetic ending! Could not have explained better , nor even tried to in relevant terms ...

[@user-sp6vt4fn8z]

Your video is so good, hope you get better and better!!

[@marijnstollenga1601]

Very well executed talk

[@Vipenstrike]

Great talk!

[@douglasford7929]

Making money is the plan and with Bitcoin Investment your plans can be fulfilled

[@louiscruz9175]

You don't need to be shocked, cause am also a huge beneficiary of experts Elias Greyson.

[@louiscruz9175]

he helped me recover what I lost trying to trade for myself.

[@philiphunter4133]

Who's this professional everyone is talking about, I always see his name at top comments on every KZbin video I watched.

[@joerice513]

I have been scammed severally and it really hurts

[@joerice513]

Intrested in investing again, but can this Elias Greyson fx be trusted?

[@rasmidas6686]

Very good talk

[@sovereignstretchandstrength]

Awesome Alex! Right down to the "if we will it." I'll look forward to your book! Jox

[@SaveManWoman]

Right now is a perfect time to start shorting. The big boys will never give up their power. It's amazing that the foundation of this technology is based on trust (marketing) yet people will trust to get rich will soon be holding the bag. Trust is a earned by real sweat not on concept and digits.

[@JohnJBRussell]

Awesome summary of the potential that blockchain has to do good and facilitate trust and good business. "Britcoin" is genius... Question is, how can I get involved with this disruptive technology and help spread the word... and enable players to get on the field and trust each other earlier.

[@theministryofmoney4237]

Very well constructed. The most accurate articulate description I have encountered thus far.

[@dahoser1eh]

"It's not so good to have a printing press for money" Indeed

[@antoniobortoni]

The world its going to change for the better in a few years.

[@yomajo]

Decades*

[@XYZ-km9kg]

the western world is changing and the left will not like the outcome.

[@lickedlollies9625]

Yes X YZ, I'm sure it's the left that wont like all the equality; unified access to services and transparency this technology will bring :D LOL

[@user-tu4kv5is5y]

the funny thing with technology we always find more ways for doing more bad than good.

[@ggrthemostgodless8713]

Great hopes for 2016 ---And then Trump came, and is now 2019... there is no way you are still this optimistic ... LOL

[@dcocrypto7446]

Software finally eating Wall Street - Love it 🚀

[@valarkov6455]

Ramen, brother

[@nephmuchiri8416]

@@barbarashaw3490hi I'm a new bieginer but being with a password plobrem can we use bayometric fenga plint as a password?

[@danstreet3368]

Excellent talk. It is the future

[@himanksahai922]

Awesome, one of the best explanations for Block Chain

[@mariaangelova8275]

I love it!!!!

[@happylindsay4475]

Total game changer.

[@jackster1212]

Great book, the one by this guy and his father... and a good presentation...

[@nolongerinexistene4683]

The introduction of IOT chops going into all new electrical items poses a security risk but block chain I would imagine could be coded to not accept any instructions from IOT addresses stoping hacking attempts before they're even thought of.

[@fahmocali2607]

Investing in crypto and bitcoin now should be in every wise individuals list, some months later you I'll be ecstatic with the decision you made today.

[@robertpursley8823]

my cousin recommended her to me. He has been trading with her for some months now, but he earns just 60% of Whatever he invests in a week which I think it's too low, I've seen other traders who offer to give you 300% of whatever you invest

[@atanacioguayuan964]

@@robertpursley8823 I just withdraw my profit last two days before now. am glad I did invest with them still reinvested and the trade is ongoing

[@bashirsinusi2469]

@@atanacioguayuan964 Who is this professional broker everyone in talking about and how do I contact her directly?

[@atanacioguayuan964]

@@bashirsinusi2469 If you I've not heard about her then you are missing out..

[@atanacioguayuan964]

@@bashirsinusi2469 Her availability is on WhatsApp and Facebook

[@justintaylor8238]

Finance "Dexter" is awesome :)

[@vcvitiko]

Very good

[@human417]

dude so very smart

[@AdamMundok]

Great presentation, Alex. Kudos!

[@edwardkunz9474]

If I had only invested in Ethereum at the time this video was uploaded...

[@benwarnock]

Edward Kunz if you had only invested in Ethereum at the time you made this comment...

[@benwarnock]

Edward Kunz good! :)

[@kershaw5351]

INVEST NOW! not just ETH but many others, like OMG, PAY, NEO etc... and ICO token sales

[@t3dwards13]

Kershaw Nope.

[@t3dwards13]

Edward Kunz Please do! If we both still have access (to this) by then, I'll find it interesting to see how you've (honestly) fared.

[@preciouspaul3730]

Awesome

[@mountainbikerider3853]

VitalK ... the Ethereum blockchain ... simply pure truth

[@JuddMan03]

"The DAO" turned out... Interesting.

[@WoundedEgo]

Blockchain is a cornerstone of the evolving government of the corporations, by the corporations and for the corporations.

[@DigitalNomadInvestor]

Wow, he described XRP and Ripple to the last detail. Faster, cheaper, and safer than any digital asset.

[@bitcoinbobsays2271]

Blockchain is revolutionary. It is empowering! It is fast becoming the new and improved economic equalizer. Central Banks, Financial Institutions beware...

[@grafis6868]

Nice video.

[@retrograde147]

blockchain technology has taken the monopoly away from the banks on currencies now it also has features and practical uses to like Deeponion's, Deepvault that allows you to place your files inside it's own blockchain so that you can pull it out when you need to prove that it hasn't been edited in anyway, great for court etc.

[@rushysneaks3473]

do you need money to invest in blockchain, bitcoin etc? if yes, then your still using the current system and so on.

[@edouardlouis1677]

wrong, the shift is happening

[@shuttereff3ct593]

Yes, maybe right but eventually fiat money will become worthless paper ( ~25 years maybe)

[@kevintoun2613]

Awesome TEDx talk!

[@josephjj1244]

i really thought that by this time we will be using only coins as money, but i guess it is still a long shot and has a lot of work in process, so try to go for newer and secure coins like telecoin

[@azratekinsoy4707]

A well talk

[@billylauaeonic2515]

I heard so many things that point and correlate to XRP but no mention of XRP?

[@emilieraffo5177]

Hi, does anyone know in which paper I can find that stat (at 12'40") saying 9% of people under 30 owned equity in a private company in the 80's and now less than 3% do ? Thank you :)

[@NoahfromEarth]

I just finished watching Don Tapscott's ted talk, and didn't look it this guys name.. Took me a minute to realize they looked quite similar, and had almost identical material. They are father and Son.

[@bigyin2794]

Good talk, funny jokes, though lost on a tough crowd.

[@martingreen436]

Does he mention effects on privacy?

[@dorothyhome577]

The problem with ACCOUNTING IS THE (GAAP) DOUBLE set of BOOKS NOT just double entry accounting!

[@MassDynamic]

i wish the video volume was a bit higher....

[@trademarket8312]

This is the same speech by tom tapscott.

[@frankeinstein719]

Thats because Alex Tapscott made this presentation with Tom Tapscott.

[@namanmehta1383]

Exactly bruh

[@marchamilton7868]

Comments on account are very elementary. Even in a distributed ledger the system will require double entry.

[@paulciardullosr.1288]

I like it.

[@5annent]

Too good to be true)

[@Gizzamano]

No mention of the energy consumption involved. No mention of the hacks that occur. No mention of physical backup provided by third parties (banks). No mention of conflict resolution or government relationship. By December 2018 Bitcoin sank to about $3,225.00 from it's high of $19,283.00 in Dec. 2017. In Oct 2016 when this was published it was @ $720.00 Question is, what makes it valuable? Trust? Based on what.

[@thepoptropicashow]

He wasn't wrong. It's more than quadrupled value since then.

[@atlien991]

When are the techies that see the potential of blockchain for regular people.....when will they speak up. Every talk I find on KZbin is about banks making more money and the benefits trickling down to me. Blockchain sounds like we would not need a bank. Or Uber or lots of companies. When do we get to hear that talk??

[@84tonikk]

Okeeey let's enhance the idea. New legislations needed.

[@whimsicalworldofwander]

Many sentences are the same as Don Tapscott's Ted talk, wonder if they wrote the speeches together

[@valdiskrebs1670]

Not surprised, father and son, they always talk about what is trendy.

[@TxFw]

Where does privacy fit in? How can a person or legal entity ensure their transactions and investments aren't seen by others? Does blockchain mean everyone sees how everyone else is spending their money? If so I think that poses a huge problem.

[@Darthvanger]

This problem is solved by anonimity. Everyone can see the ledger, but it has no names. It's like when you register a fake email: nobody knows who you are, but only you have access to this email, because only you have the password. It's hard to not to reveal your true identity at some point though (by mistake), so yeah it's a problem to some extent. Maybe the risk is not more than with the tradinitional banks though (Panama leak and other leaks). It just makes you responsible for keeping yourself anonimous, rather than relying on a company to keep its records about you in secret.

[@captankitpareek]

guys it's all good to hear about block chain but the real question is how to make money out of it any video that could teach us how to invest in this technology

[@JohnTSmith-jw2gq]

There is nothing that can't be gaffed.

[@tonycharanduk133]

This gentlemen does not understand central banking. This revolution has to happen without banks and government.

[@gpnulife]

Tony smith I believe he understands, just a delay tactic.

[@svs8909]

whats to stop financial institutions from buying in and manipulating the market?

[@TortugaLanguageProductions]

Blockchain is Eating Wall Street | Alex Tapscott | TEDxSanFrancisco - thanks for posting on KZbin!

[@matthewjames7723]

Bless her, Pam in accounting with her fat fingers

[@eddy-currents]

+Matt Barrell Damnit Pam! You screwed us all!!!!

[@cypheir]

I was won over by that short tale.

[@afinomusic]

LOL

[@MAHispanos]

I felt bad for Pam thanks for Blessing her.

[@manudelmarche]

Chris I was thinking the same :-D

[@GC-ev5un]

John McAfee is so far ahead of understanding necessary security of blockchain data.Just started a new venture called MGT.

[@sahali14]

Why am I seing this 4 years too late???

[@FreshLyte]

It's so funny reading some of these older comments. So many people were 100% correct.

[@aradda555]

세상이 이렇게 변하는데 나는 왜 이걸 이제야 안건가. 세상이 줄수있는 변화와 혜택과 기술을 최전방에서 누리고 만들어가야지

[@JS-jx1bq]

맞습니다. 저도 이제 알았네요 ^^

[@niupaidanui]

How do you separate Blockchains from bitcoin? Why would anyone devote computing power to verifying block chains without the reward of bitcoin? I keep hearing all these talks about the distributed ledger that is Blockchain but not one address this problem. Is my understanding of the Blockchain incorrect?

[@jollyroger7891]

niupaidanui , no man. You right, Just a few of us understood that...Block Chain withour rewards is Just Not feasible...

[@ericswenson5424]

computing power is dedicated because there is a fee per blockchain transaction. Right now it's around 1$ per transaction no matter the size. most "mining" is computing transactions in order to collect these fees.

[@sharkongamessharkongames2147]

It's a good question. Look up "tokens" in relation to blockchains. Basically it's similar to bitcoin, where you are rewarded with a token that gives you something of value. It could be partial ownership (and voting rights) for whatever company the blockchain relates to, etc.

[@TennesseeHodl]

etc is the answer

[@marcelproust4066]

Stat crux dum volvitur orbis. What will change for the rice fields? Will any suffer for individuals be made smaller? When do people understand that there is no such force to convince people of something? How much promises are there not fulfilled. Is there any good in investing resources into a system that is wrong-designed from the beginning?

[@vicenterosales7064]

WOW

[@Agislife1960]

Its not in the national or economic interest for any state or government to allow a completely unregulated international currency to flourish.

[@pkap2645]

Currency Notes Authenticity

[@skeetmouse]

Audio level is kinda low.

[@rwnorris24]

tough crowd.

[@BigMikeD10001]

wow

[@georgevena6744]

16:25 joe exotic reference?

[@drag1eon]

Did he say, "...Pam, fatfingers an entry..."? I bet he's a huge Archer fan.

[@goldnutter412]

lmao I say fatfingers sometimes but its inspired by the hilarious 300 pounds Homer Simpson episode

[@helixalgorithm3160]

Sounds like a history of the hook-keeping.

[@markspivey4947]

Graft coin is here now as the instant coin he’s hopeful for

[@clintpot8521]

There's a big difference between technology and an industry. Doesn't matter what e-currency you use, the industry can still be corrupt. Who cares if the accounting becomes connected to the currency? Corruption will be moved off technology and fees will be charged for the maintenance of the currency. Bitcoin can't turn into, say, a credit card company without being centralized and charging fees for the centralization of the blockchain and transaction speed. Its impossible for every personal computer to store the entire blockchain if this technology takes off.

[@asher_2789]

impossible perhaps on current average PCs but who knows what the future will bring. 10 years ago the iphone came out, look where we are now!

[@Se7eNcE]

Good speech but I disagree with the last part. Trust by itself is not enough to shift the power back to the people using blockchain. We need privacy to protect the people as well, and privacy must be supported by anonymity. DeepOnion is one of the rare crypto coins that did that by integrating Tor into the wallet to protect the identity of users. They had many great achievements in their first year and I'm looking forward to their ambitious future.

[@changchangming1215]

Being financially free and having money invested in the most important factor in living a good free life. 99% Americans don't have money saved or invested and all the do is spend..

[@kanglei9895]

too many people are Piling in to BITCOIN.. That means it is time to take profits

[@kanglei9895]

I read about Mrs Natasha, when I first started watching educational videos on bitcoin. I contacted her and In two weeks she help grow my small portfolio of bitcoin 2btc to 5btc. Bitcoin heading back to 50k got me smiling

[@BAlvn-yr6ej]

If all this comes to pass, the economy (or GDP anyways) of the US is going to take a big hit...a large part of it is pretty much unproductive financial services. Cryptocurrencies biggest promise in my view is take the economy back to the way it was from ancient history to about 50 years ago, where there was a real form of money, freely exchangable between private people and companies, that had to be earned by actually doing or trading something of actual value. Not debt as money, and not controlled and manipulated by a handful of unknown and unaccountable people with insane amounts of power.

[@robertbialozynski6334]

2p2 transactions are by definition pro-populist. However, blockchains will only be adopted where there is not a lobbying base to protect business as usual. That's why I suspect currency and blockchains will not be allowed by governments to merge. Title companies and less rich middlemen will be replaced by blockchain IMO.

[@phaplam4641]

had you invested $10,000 into Ethereum at the time this video was posted. You would have roughly $340,000 today. FeelsBadMan

[@SimonSaysSigns]

millions today

[@keafoon]

What if you did when you posted this comment 5 months ago ?

[@jdsguam]

Even more so today. :)

[@jdmac44]

But would you have sold it at the top? Or at all?

[@originalunoriginal4055]

I could withdraw that money at the bank?

[@deepsudeep]

Sound is so low

[@TxFw]

@12:50 how could 9% of Americans have equity in a private company if accredited investors is only around 2%? Until the JOBS act and Reg CF it was illegal for unaccredited investors to invest in private companies...

[@nssSmooge]

I thought that TEDx will check the originality of the talks. Just saw a talk completely the same - same slides, same words mostly. Not sure which one was first, but come on.

[@IDislikeTheNewYoutube]

Here is the issue. People can't trust financial managers or institutions because they actually provide no service. Same issue with government. You can't trust a system that is merely designed to perpetuate itself. If all you stand for is money then that's just what you become. This is why 60 percent of America didn't vote, this is why people are not investing.

[@shawnicesharie1435]

I Dislike the new KZbin zhzzhherh

[@DevonWayne]

instead of the rich investing in now it's the poor and the middle class through all investing $1 to $50. Crowdfunding is the new Venture capitalists that I see. May the best survive

[@LibsRockU]

Dis Very fascinating perspective....

[@MrBlaxjax]

Well, no, financial institutions so do currently do useful stuff. How on earth would I send money from China to the UK without some kind of financial institution? Governments also provide useful services. Defence, policing, judiciary, lawmaking, all really government work. All necessary. I think that the interesting thing about blockchain is that it may render some of the machinery of government, some financial institutions, and some lawyers redundant, as a lot of this stuff will be self-managing/self-policing. For example, I don't need a bank to send bitcoins/britcoins around the world. Mark Carney, governor of the Bank of England could well be making the BoE obsolete by suggesting the Britcoin. Mind you, he will be comfortably retired by the time this ever comes to fruition.

[@IDislikeTheNewYoutube]

Fed ex? Banks? I wasn't referring to banks dude. Was referring to investment firms, hedge funds and the like that actually create no products, create nothing of actual value.

[@IllyZiemens]

What happens to people that are deeply in bitcoin debt?

[@sharkongamessharkongames2147]

They are rolling in money today!

[@topedaman]

i want to ask jamie dimon about this one