The dreams of cryptocurrencies tend to focus on money and seem to avoid the topic, repercussions, and significance of debt. In fiat currencies, 95% of all money is matched with debt — in other words, debt creates 95% of all money. This talk aims to bring the impact of debt into the Ethereum conversation, specifically focusing on debt with interest. Let’s consider this side of crypto coins and Ethereum in particular since it provides the ability to encode obligations as contracts and therefore can encode debt obligations.
http://www.ted.com Why do societies fail? With lessons from the Norse of Iron Age Greenland, deforested Easter Island and present-day Montana, Jared Diamond talks about the signs that collapse is near, and how — if we see it in time — we can prevent it.