http://www.youtube.com/watch?v=cb-ts8fUhB8An interesting TED, which I am always glad to see Bitcoin being discussed in this setting.
It does point to an interesting side of the Bitcoin economy that is not talked about usually, which is trust.
Trust in banks, governments, and giant corporations (dividing those is difficult these days) is fading fast. I think the Cypriot bail-ins earlier this year are a siren for this, in that now banks are desperate enough to rob their own customers to save their own asses. I myself no longer keep my wealth in any institution tied to fiat currency because my trust in them is less than zero, and even less in our governments to correct it because they are hooked on money like a drug.
This societal and economic sickness is being met in the field by engineers and scientists using technology to solve the problem. Bitcoin is the pinnacle of this, by entrusting the system to pure mathematics and peer to peer computing instead of any central body led by corruptible people.
Thoughts?