# Bitcoin Future - Vinay Gupta | London Real

> One source from the archive of Vinay Gupta's work at guptaoption.com, as plain text for AI agents: [746]. 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, 2014-02-14 (YouTube upload date), https://www.youtube.com/watch?v=6Sqekdoyn_g. Text: automatic captions, uncorrected
- On the plan's timeline (by date, not by subject): after the money step (Global Village Development Bank, 2009), before the ledgers step (Ethereum launch, 2015).
- How it fits the plan (the research build's reading): Ledger commentary.
- Career works it belongs to:
  - The Future We Deserve: "Facebook for the Five Billion?" (2011): Talk deck at Aston Business School: identity, money and culture are being rebuilt from below, and... (suggested by machine)
  - 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)
- Threads (lines of work through his career) it is part of:
  - 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)
  - cryptographic applications: Cryptography applied: from 1990s cypherpunk practice to identity cards, Ethereum and Mattereum. (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 (50%); Crypto compliance & money laundering (50%)
- Distinctive terms here, against the whole archive: London Real (1 here; 6 sources in all, earliest dated 2014); refugees (3 here; 84 sources in all, earliest dated 2002, 3 undated); Berlin (1 here; 30 sources in all, earliest dated 2010); refugee camp (1 here; 36 sources in all, earliest dated 2006)
- Importance: core-text score 0.15 (1.00 is the top), number 420 of the 729 sources it scored, the research build's measure of substance, importance and innovation
- On the same works, just before: [317] [Vinay Gupta (@leashless) of Hexayurt Project at the... (2013)](https://guptaoption.com/texts/317.md); [80] [Governing Bitcoin: what the future holds for our... (2014)](https://guptaoption.com/texts/80.md); [742] [Vinay Gupta - Bitcoin Will Die | London Real (2014)](https://guptaoption.com/texts/742.md)
- On the same works, just after: [316] [Vinay Gupta - Maker Faire UK - Newcastle 2014 (2014)](https://guptaoption.com/texts/316.md); [112] [‘Bitcoin Is Teaching Realism To Libertarians’: An... (2014)](https://guptaoption.com/texts/112.md); [311] [Vinay Gupta - Proof of Work / IAmSatoshi (2014)](https://guptaoption.com/texts/311.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: Bitcoin Future - Vinay Gupta | London Real, video, 2014-02-14, https://www.youtube.com/watch?v=6Sqekdoyn_g; in Vinay Gupta's archive at guptaoption.com, source [746], https://guptaoption.com/texts/746.md.

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

## Passages
[0:00](https://www.youtube.com/watch?v=6Sqekdoyn_g&t=0s) London real sponsored by Bulletproof Coffee right and now we're seeing interesting things where you know we had Kaiser in here talking about uh doing a crowdfunding uh run for George Galloway running for mayor and they and then you can do it in Bitcoins and now you can get people contributing to a political party and can you matter a Kickstarter campaign where it's like Galloway just did a million pounds and it's like well that's not fair well what can you crowdfund and then and then it starts getting interesting oh just all kinds of craziness so you think for refugees there's a real need for that cryptocurrency it's not just refugees right anybody who lives in a country that has a government would prefer to get a currency instrument that was produced by a not vendor okay which is why we saw in Russia then people would hoard dollar dollars Black Market dollar Swiss frank something you can be sure of so you can think of Bitcoin as being like the poor man Swiss frank right you know there is no reason that you can't get Bitcoin off a Smartphone in a an African refugee camp and use it for paying for your web hosting Services where you're running a little business to pay for your kids's education right right because the government can't say no the currency control can't say no the people that won't acknowledge that you exist as a human being enough to give you a bank account can't say no right right so for people that are unserved by the state and unserved by the system things like Bitcoin are potentially huge breakthroughs right there's a really strong humanitarian case for cryptocurrencies because they're universally available without government oversight and refugees have so little support from the state that they're getting strangled because they can't get access to services so if you think of Bitcoin as being like open source currency it's universally available to anybody with a phone and I mean you know where I put it right this right it's the new Milla phone right right so it's running an open source operating system it's $40 in South America and it's a perfectly usable first world smartphone like I don't notice that I'm not on an iPhone for anything that I do day-to-day right right so when all these guys running around with open source telepan right cheap tablets connected to open source currencies fully participant in the digital economy globally even though people won't give them a passport right this is really big and there are billions of people in that situation who right now can't do anything internationally because they don't have telecoms and they don't have banking right but this is happening very soon and it will be happening oh it's happening now right okay and you think you think bitcoin's gone far enough that in your in your mind government can't

[2:30](https://www.youtube.com/watch?v=6Sqekdoyn_g&t=150s) reel it back they're going to let it go or they have no choice but to let it go maybe the CIA is already using it you who knows I mean I guarantee intelligence services are using it because if they're not they're stupid yeah um beating Bitcoin to death at this point would take such an enormous amount of effort not right I mean there was a point where it could have been strangled in the crib it's far past that point now this is not to say that it couldn't be forced back underground and knock it down to you know $5 a coin right right I mean you know you just need to arrest everybody that ever traded on Silk Road and very quickly Bitcoin will become like oh Bitcoin right yeah it might not get back a bit definitely I mean there's a a company called coinbase in San Francisco just got $25 million worth of funding for this you know that's what they do they have 600,000 registered users now that own Bitcoin and it it looks like it's yeah it's going to be hard to pull that back I mean you know 50 businesses will take it walk up in Berlin you were telling me that yeah room 77 right there's a network around in cburg um but right the thing is that Bitcoin is actually kind of a currency if you just think of it as a currency because the deflationary thing means that the early movers have massive Advantage so this is great because you know my political class right the kind of you know do com nerd Elite whatever you want to call it a lot of my political class went into Bitcoin long early and as a result a lot of people that I know are getting rich it's like it's like a.com Boom for crypto nerds yeah I talked about Rick fulin we talked about this all all the next billionaire oligarchs are going to be these you know early adopter you know nerds

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End of [746] Bitcoin Future - Vinay Gupta | London Real. Its connections are at the top of this file; the map is https://guptaoption.com/llms.txt.
Read next: next on the same works, [316](https://guptaoption.com/texts/316.md) Vinay Gupta - Maker Faire UK - Newcastle 2014 (2014); his whole career in one file, https://guptaoption.com/story.md.