5. • Ongoing financial crises
• Coming up: pensions crisis
• Also: sovereign independence
crisis (FATCA)
What about now?
6. • Ongoing financial crises
• Coming up: pensions crisis
• Also: sovereign independence
crisis (FATCA)
What about now?
7. • Ongoing financial crises
• Coming up: pensions crisis
• Also: sovereign independence
crisis (FATCA)
• Not going to talk about these
today - too depressing!
What about now?
12. About Bitcoin
• Solution to all those problems!
• Does not require banks
• Controlled inflation
• No political interference
13. About Bitcoin
• Solution to all those problems!
• Does not require banks
• Controlled inflation
• No political interference
• Enables new innovations
14. This talk imagines a world 50 years from now
how it’s impacted by the combination of
financial cryptography
advanced robotics
and lots of other new technologies
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 find customers ....
... but also to bid for road space.
The future of taxis
27. Who owns this vehicle?
Who profits from this trip?
The future of taxis
28. What owns this vehicle?
What profits from this trip?
The future of taxis
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 profit. Excess profit 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 profit. Excess profit 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
36. • Their numbers reach equilibrium through market
competition
Autonomous agents
37. • Their numbers reach equilibrium through market
competition
• They can evolve by hiring humans to write
upgrades for them
Autonomous agents
38. • Their numbers reach equilibrium through market
competition
• They can evolve by hiring humans to write
upgrades for them
• They are allowed to outcompete humans
Autonomous agents
39. • Their numbers reach equilibrium through market
competition
• They can evolve by hiring humans to write
upgrades for them
• They are allowed to outcompete humans
• Their services are cheap because they don’t have
many costs
Autonomous agents
40. • Their numbers reach equilibrium through market
competition
• They can evolve by hiring humans to write
upgrades for them
• They are allowed to outcompete humans
• Their services are cheap because they don’t have
many costs
• This is the justification for their existence
Autonomous agents
44. MatterNet
• Quadrocopter based delivery of objects over short distances.
• Copters are also agents. They pay humans to repair and recharge them.
45. MatterNet
• Quadrocopter based delivery of objects over short distances.
• Copters are also agents. They pay humans to repair and recharge them.
• They can deliver not only objects but also ..... more agents!
46. Who creates these machines?
• Once created nobody profits directly
• Indirect profit is huge
• First agents developed via assurance contract
47. Assurance contracts
• People make pledges. Pledgers only pay if the contract target is reached.
• A method of funding public goods
• Current financial system is cumbersome and limited
• In future, lightweight assurance contracts will be
common
• Can be used to replace a lot of taxation
48. What about the jobs!?
• In the long run all non-creative jobs are doomed
• But even poor people will be wealthy by todays standards
• Better education (Khan Academy) is the key!
