Feb 1, 2015

RoboCorp — Get ready for companies that run themselves

Posted by in category: bitcoin

by — Aeon

Distributed Autonomous Corporations (DACS)  will see cloud robots manage supply chains free from direct human supervision. Photo by Gallery Stock

It is January 2014 and at least 400 people are packed into a conference hall in Miami Beach. High-profile journalists stand against the walls. Powerful venture capitalists crouch in the aisles. Banking and finance gurus crane their necks from the back of the room. They’re waiting for one of the most anticipated presentations of the 2014 North American Bitcoin Conference. A massive surge in interest from the media has just pushed the price of a single Bitcoin to around $900, up nearly 800 per cent in three months. Bitcoin Miami is the largest ever conference of its kind. In this moment, the possibilities for Bitcoin seem limitless.

What appears to be a teenage boy mounts the stage. The crowd goes quiet. In fact, Vitalik Buterin – all acne-splotched face, spidery fingers and shining eyes – is just a few days shy of 20. He surveys the audience nervously for a moment, then kicks off his presentation by lauding the benefits of the Bitcoin payment network – its speed, security, economy and autonomy.

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