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re:publica 18 - Alle Sessions Podcast
The Krypto Economy: Beyond the Bitcoin Bubble

The Krypto Economy: Beyond the Bitcoin Bubble

re:publica 18 - Alle Sessions vor 8 Jahren

You probably followed the bitcoin tsunami in January. The price of bitcoin dropped by more than 50% followed by regulatory interventions of governments and banks and a hysterical discussion around bitcoin, crypto currencies and the blockchain technology.

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Andrea Bauer The hype around Bitcoin is warranted - as warrant as
the blockchain technology becomes a fundamental new part of our
digital infrastructure. Think about the ’90s internet bubble and
the intensive amount on new solutions we got out of that. Now
imagine the effect when you shrink it down to the size of a crisis
caused by one application called Bitcoin. Like the original
internet itself, blockchain is an idea with radical possibilities
that at the same time has attracted some of the most
frivolous appetites of capitalism. The blockchain may
seem like the very worst of speculative capitalism right now, and
yes, it is demonically challenging to understand. But the beautiful
thing about open protocols is that they can be steered in
surprising new directions by the people who discover and champion
them in their infancy. Right now, the only real hope for a revival
of the open-protocol ethos lies in the blockchain. Whether it
eventually lives up to its egalitarian promise will in large part
depend on the people who embrace the platform, who take up the
baton from those early online pioneers. In this talk, Andrea
Bauer will present the lessons learned out of the bitcoin crisis by
looking at the rising token economy, the future of money, and the
challenges of its regulation. By analyzing the current
dynamics, Andrea Bauer gives us a peephole into the emerging
„krypto economy“.