<table><tr><th>From:</th><th>Vincenzo lozzo • M&gt; </th></tr><tr><td>Sent:</td><td>Tuesday, August 26, 2014 7:27 PM</td></tr><tr><td>To:</td><td>Joi Ito</td></tr><tr><td>Cc:</td><td>jeffrey E.</td></tr><tr><td>Subject:</td><td>panel on the future of bitcoin/libertarian fest</td></tr></table>

https://www.youtube.com/watch?v=_qdr_Z3hrqQ&

This is interesting to watch not because it's particularly insightful =bout the future of bitcoin but because it's a good way to understand =he community.

A couple of points:

1) It's a libertarian fest..

2) They are fairly unclear about what the value of bitcoin is. They =irst say it's the protocol to perform transactions(it's the 'internet' =f currencies), then it's the hashing power (so essentially this means =he 'social network'), and then the price cutting on the normal financial transactions

3) They keep saying that bitcoin will replace CC and exchanges for =inancial products, I don't think they understand that bitcoin at the =oment doesn't actually solve any of the problems these institutions are =ctually paid for

4) They got in this mindset that the only way to go about 'innovation' =s to build on top of bitcoin, and some of the stuff they mention is =verly complicated for no other reason than the fact that it's built on =op of bitcoin..

5) They keep advocating for derivatives and such on top of bitcoin for =rice stabilization, if those ever exist and the market depth is big =nough I think that will lead to a collapse of it if anything.

So my summary is: =ttp://cdn4.miragestudio7.com/wp-content/uploads/2014/03/ancient-aliens-gu=.jpg - sorry for the snark I've been watching videos of these people =he whole day..

On a serious note, I'm not sure whether this is good or bad but I don't =hink they know what they are doing (not from a technical POV, but from = 'larger scheme of things' one)=?xml version=.0" encoding=TF-8"?> <IDOCTYPE plist PUBLIC "- //Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/PropertyList-1.0.dtd"> <plist version=.0">

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