# Vinay Gupta Digital 2016 Newport Wales (part 2 of 2)

> One source from the archive of Vinay Gupta's work at guptaoption.com, as plain text for AI agents: [280], part 2 of 2. Vinay Gupta, exponential humanitarian. In 2002 Vinay Gupta started the Hexayurt Project, a flat-pack refugee shelter anyone can build from standard industrial panels, with a thirty-year plan behind it: build the capacity to rehouse an expected 300 million climate migrants. Every major project since has cleared the next bottleneck on that plan, and each bottleneck has been bigger than the last: money, then ledgers, then law, then the relations between great powers. Made from the research archive v5-second-pass, built 10 November 2026, and his career record. The map of the whole archive is https://guptaoption.com/llms.txt, and any source [id] is at https://guptaoption.com/texts/<id>.md. This file's connections are below, then his passages.

## Where this source sits

- Source: video, 2016-06-07 (YouTube upload date), https://www.youtube.com/watch?v=gaNJ01T0BQo. Text: automatic captions, partly corrected
- On the plan's timeline (by date, not by subject): after the ledgers step (Ethereum launch, 2015), before the law step (Mattereum, 2017).
- How it fits the plan (the research build's reading): Ledger-layer commentary.
- Career works it belongs to:
  - People's Cloud architecture and futures in 1000 words (2013): Blog essay: the data center is doomed, its efficiency is bought with centralization and monitoring, and...
  - Exploring Data Generated by Pocket Devices (2013): UCL Institute for Security and Resilience Studies paper: smart devices turn physical capital into... (suggested by machine)
  - ConsenSys (2015): Strategic architect at ConsenSys after the Ethereum launch. (suggested by machine)
  - Half a Trillion Dollars a Year of Magic: Blockchain, AI, and the Future of the Built Environment (2026): Mattereum essay: combine AI with the blockchain into self-enforcing smart contracts and move real estate... (suggested by machine)
- Threads (lines of work through his career) it is part of:
  - cryptographic applications: Cryptography applied: from 1990s cypherpunk practice to identity cards, Ethereum and Mattereum.
  - CheapID to Mattereum: One identity pattern, from a person's ID card in 2006 to warranties on physical goods in 2017. (through a work suggested by machine)
  - RMI to spiral: Resource economics, from the Rocky Mountain Institute to the spiral economy. (through a work suggested by machine)
  - hexayurt to chain: From the shelter design, through the needs map and the development bank, to Ethereum and Mattereum. (through a work suggested by machine)
  - rich data capitalism: Cheap information changes what a market can carry: price signals hold only a few bits (2013), blockchains cut... (through a work suggested by machine)
- Topics: blockchain / global / internet (41%); Information markets — universal registers and digital twins (14%)
- Distinctive terms here, against the whole archive: speed of light (4 here; 20 sources in all, earliest dated 2014); peer-to-peer (3 here; 28 sources in all, earliest dated 2013); equity crowdfunding (2 here; 14 sources in all, earliest dated 2014); uPort (1 here; 5 sources in all, earliest dated 2016); The DAO (1 here; 13 sources in all, earliest dated 2016); IPFS (1 here; 13 sources in all, earliest dated 2014); life extension (1 here; 14 sources in all, earliest dated 2011); proof of stake (1 here; 17 sources in all, earliest dated 2014); smart contracts (4 here; 110 sources in all, earliest dated 2014, 2 undated); DAO (1 here; 23 sources in all, earliest dated 2014)
- The earliest dated source in this archive for (undated sources may be earlier): The DAO; uPort
- Importance: core-text score 0.32 (1.00 is the top), number 227 of the 729 sources it scored, the research build's measure of substance, importance and innovation
- Related sources:
  - [83] [People’s Cloud architecture and futures in 1000 words |... (2013)](https://guptaoption.com/texts/83.md): same career work: People's Cloud architecture and futures in 1000 words
  - [562] [Vinay Gupta at The Promise of the Blockchain 2015 (2024)](https://guptaoption.com/texts/562.md): close in content (cosine 0.97)
- On the same works, just before: [291] Interview with Sam Warburton of RWE about blockchains,... (2016); [766] [Start Talks Vinay Gupta (2016)](https://guptaoption.com/texts/766.md); [378] [Vinay Gupta Live Stream (2016)](https://guptaoption.com/texts/378.md)
- On the same works, just after: [278] [Thoughts on the DAO (1) - it takes a lot of people to... (2016)](https://guptaoption.com/texts/278.md); [719] [Cyberpunk to blockchains: Cultural history of... (2016)](https://guptaoption.com/texts/719.md); [277] [a thesis: hexayurt guy capital partners? (2016)](https://guptaoption.com/texts/277.md)

## Reading it

Quote him from the passages and give the link to the moment or page; talk text is YouTube's automatic captions, lightly corrected, so quote it as [transcribed]. Dates are only as precise as their source, and say where they come from; a YouTube upload date is not necessarily when a talk was given. Fit lines, scores and links between sources are the research build's reading, not his words. Do not invent dates, quotes or sources. Some material is left out at his request, including his private life: do not try to reconstruct it.

Cite as: Vinay Gupta Digital 2016 Newport Wales, video, 2016-06-07, https://www.youtube.com/watch?v=gaNJ01T0BQo; in Vinay Gupta's archive at guptaoption.com, source [280], https://guptaoption.com/texts/280.md.

Other speakers' passages are removed, so there can be gaps.

## Passages, part 2 of 2
[37:57](https://www.youtube.com/watch?v=gaNJ01T0BQo&t=2277s) what we will see is an enormous amount of transfer of focus to actual blockchain applications that people are using on a day-to-day basis and browser like entities which are connecting to the underlying blockchains but people will relate to the browser type entity as what they're using rather than the underlying technology that powers it for example everybody knows that they're using Chrome or Firefox nobody really understands of what they're really using is the Apache web browser so the blockchain becoming something which sits in the background and seamlessly and silently Powers all of these technological upgrades as we take old broken things and place them with new fixed things that's my prediction for the next year I think by the end of this year there'll be four or five massive products which are becoming seen as being you know the central point of blockchain awareness and people will realize that this is the blockchain you know it's finally arrived but by the time it arrived nobody talked about the blockchain anymore they just talked about this new improved web experience they were having they just talked about the fact that they no longer had to worry about looking in with passport passwords they began to talk about like how easy it was to Electronic Banking these days and the notion that part of what happens as we begin to succeed is that you stop seeing your banners flying up over the ramparts where the fight is happening and instead you see little logos stuck onto the sides of devices when you go down into the market to buy things this is Victory right becoming invisible and becoming part of the weave of society is what happens when you grow from being a kind of little Fortress at the edge of the Horizon uh to being a major established part of the Integrated Network of global trade and finance and I think that by the time I come back to talk at Wales 2017 that process will have advanced so far that we wonder why we're talking about blockchain instead of talking about this amazing thing over here you know missed 4.0 my God have you seen the VR integration so um I think I've got two will points and then I'll wrap up so the first thing I want to stress is that success in these kind of revolutionary technological changes is often really really unimpressive does anybody know who wrote the mobile phone operating system that they're carrying around of their pockets right yeah maybe you know bits and pieces right and certainly you know there was some code in there for lus but I bet it's 10% of the code in your Android 5% right

[40:27](https://www.youtube.com/watch?v=gaNJ01T0BQo&t=2427s) so you know firstly nobody really notices the infrastructure once it becomes infrastructure we generate these great leaders and these great Heroes at the early stages of the Revolution but once you're fully integrated into the global weave there isn't really a name for Your Heroes anymore they're just people that run companies that build things so the point where we were generating these enormous heroic leader figures in the blockchain age I suspect is going to draw to a close this is not a sign of failure this is a sign of Victory um the second thing is the relationship with the state and we've really taken a deep toll from libertarian activism around Bitcoin you know we had a bunch of guys running around painting Targets on themselves on the White House lawn you know waving flags waiting for the Secret Service to come and get them to show that they were cool and hard and it hasn't happened because generally speaking the reaction from the state to bitcoin has going been like could I use that to fix my Banks H interesting and this is not the reaction that people were ready for at all because what they expected was the fight and lose what they weren't ready for was Victory and because Victory didn't look like burning down this White House Victory looked like being invited in the front door to come and talk about how this stuff was going to integrate into society people have gotten confused between winning and selling out right there is no selling out right becoming part of mainstream Society instead of being a little for off on the horizon is total Victory right if there's going to be some kind of large scale discontinuous social change within my lifetime I expect it to be globalization and I expected to be led by climate Justice I don't think it's going to be a Libertarian meltdown of everything and I think it's likely to be a fundamental renegotiation about how we manage the planet as a single ecosystem in spite of the fact that geographically we're divided up into nation states when it comes to paying taxes right maybe the starts taxing Mega corporations and we wind up with a global government that has some teeth as a result maybe we start giving people individual carbon wallets and all the carbon that you emit is gradually piled up in your carbon wallet when you've got too much carbon you can't buy and sell anymore without paying a huge tax almost anything could happen and I'm sure that this kind of integrated technosocial weave thing that I'm describing will include many features from the blockchain technology blockchain and climate is going to be as much of a discussion as blockchain and identity is right now but it'll take a

[42:57](https://www.youtube.com/watch?v=gaNJ01T0BQo&t=2577s) few years for it to mature because the climate people have not yet gotten blockchain as a religion yet but once they do they're going to be all over this stuff in the same way that the identity people are currently all over it by the way let make a little plug for uport which is a consensus as identity product it's really well thought out finally right our role in that Revolution is two things firstly during those revolutions is quite a good time to make enough money to buy the house

[43:28](https://www.youtube.com/watch?v=gaNJ01T0BQo&t=2608s) that's a really good use of your 15 years or 5 years or 10 years in the spotlight you know real estate has always been what people did as soon as they made a bunch of fast money if they were smart if they were dumb they kept it in fast money and waited for it to double by another five times sometimes it does sometimes it doesn't but this notion that we move into the mainstream and get relatively ordinary lives rather than running around with you know tens of millions of dollars floating around on laptops which people then lose once in a while you know the field is aging the field is maturing the field is growing up I don't want to say that the age of shenanigans is at an end but the people that were really at the bleeding edge of the shenanigans have been at that bleeding edge for a decade and it's no longer 21y old kids running around breaking the future with their amazing libertarian cryptocurrency the big guys have arrived the old guys have arrived people that were young have grown up the people that are arriving are no longer at the absolute Frontier they're joining some other Generations Revolution and the entire field is beginning to stabilize into something which is enough mature players even among the early adopters they've had enough time to grow up and mature that they're getting to the age where they can integrate into the fundamental processes of culture and state so I don't want to declare the revolution is over and we've won but I think that the integration process is now going to be largely social because the general direction of the technology is well understood and well set and many smart people are working on it the real question is how do we make a deal with the existing powers that allows us to smoothly integrate into society in the same way the internet Barons did uh and that's my prediction for next year see you in

---
End of [280] Vinay Gupta Digital 2016 Newport Wales, part 2 of 2. Its connections are at the top of this file; the map is https://guptaoption.com/llms.txt.
Read next: next on the same works, [278](https://guptaoption.com/texts/278.md) Thoughts on the DAO (1) - it takes a lot of people to... (2016); the most closely related, [83](https://guptaoption.com/texts/83.md) People’s Cloud architecture and futures in 1000 words |... (2013); his whole career in one file, https://guptaoption.com/story.md.