Male AUDIENCE #4: It seems to me the similar benefit going from paper ledgers to computerized ledgers. You have a medium that communicate between systems and of course it could be a huge improvement. But this standard suggests from the name that it's about money. Most the data we have is not about money. I don't just mean Google, but the world, is it actually
where it'll be for example an emergency lighting situation I I did a micro apartment where we put little panels on the ledge and we ran them through to a battery and a lighting system so that in the event of a blackout you've still got a way to charge your phone and light um but it's it's not a sort of mainstream
That private key either leaves in the local storage of your browser or if you're a more sophisticated user, you can basically buy those hardware devices, like Ledger Nano. And it will sit on that kind of USB key. But you have one private key that sits in a single location, which means that only one user basically governs that private key.
we have. But this technology was not only creating an impasse like the displacement of labor or the fact that some of the traditional institutional factor like ledgers were now being shifted over to smart contracts or things that were resembled blockchains, but there was also a fundamental change in what we think this technology will turn society to be and we are living in.
So that was a great example. You see a ledge , you go, well, if the ledge were on the ground, I could walk it.
-Real deal, man. Antarctica. that port-a-ledge is gonna turn into that ski-kite.
So what is giving up and what is just deciding to do something else? on the ledge with no ropes.
So the good thing was that, A-- that's Alex Honnold. That whole ledge , I bet, just got hammered.
Pretty simple set-up. Just took a little time to figure it out. So the ledge is hard to see.
They came together because I-- it spoke to me because what I took from that is your father and-- Maintain a ledger for your life.
You're going through steam tunnels. You're going along ledges . You're climbing up elevator shafts.
We had six haul bags. We melted snow on ledges for water. We were on the wall for 10 days to get to the summit.
Yeah, waterproof, right? You know, here's the thing. And Chris is a ledger artist, which is a narrative tradition that comes from the Plains Indians, where there was always a long tradition of drawing
Yeah, waterproof, right? You know, here's the thing. Often it was ledger books.
And they'll get a little bit-- in real life, they'll get a little depressed. And I mean Heath Ledger is sort of an extreme of that, right? But being that your character does go to a pretty dark place near the end, did you do anything differently, or you
If you look at it from a technical perspective, you would think of it- it's like another kind of a database. It maintains a distributed ledger that is open. Anybody can check. And thirdly, because it has legal implications, you have to look at it from a legal perspective as well,
It doesn't need, necessarily, a database, two databses to reconcile a transaction. It is only one ledger that everybody has if you want. So that is really the innovation.
It is also a decentralized database, because you can store information on the ledger. And the ledger could have many different usages. Yes, it is a distributed ledger.
So the ledger is the most important thing the bank has.
in the global ledger that $150 had moved here.
And I talk myself off a ledge all the time.
We were walking down the east ledge 's descent, rappelling down, kind of in a stupor, and there's a head lamp at the bottom of the ropes.
His body lands on a ledge with a sickening thud and then bounces towards oblivion.
-Real deal, man. Antarctica. Hauling our supplies up to that ledge will take a lot of effort, and then living up there, it won't be as comfortable as down here in the boulders.
-Real deal, man. Antarctica. But when you have a natural ledge , it makes it way easier than trying to hang in your harness and-- Think about this.
Pretty simple set-up. Just took a little time to figure it out. Otherwise we're going to hit that ledge at 100 miles an hour.
I'm actually tucked underneath this ledge as tight as I can because he's coming down like three or four inches away from my face.
We open up a fresh ledger on ourselves essentially, the same way a business would open up a fresh ledger on a new quarter or a new year.
So anything from a centralized ledger to a blockchain, et cetera.
It's basically a tamper proof ledger for recording and verifying transactions, which admittedly sounds like the least sexy thing in the world.
and you're having the blockchain there in the middle replacing some parts of the database. Because the blockchain maintains its own ledger. It doesn't need, necessarily, a database, two databses to reconcile a transaction.
Again, remember, the old way was one database talking to another, so we need two databases and we need two owners, one for each. Whereas the blockchain is only one ledger. And once you write a line on the ledger, it's just like any accounting ledger.
And everything is recorded, and nothing can be erased. And the only owner of the ledger is the blockchain itself. So the network self-polices itself in terms of updating everything.
So it starts with a distributed ledger, which is not running on one computer or one system.
with so that they can adjust the ledger at that bank.
And on Maya's side of the ledger up there in Portland, she had been realizing that recipes that had eggs-- if you start out by beating them a lot,
We all know about the financial ledger-- profit and loss-- know that since we're kids.
What's with all the ledger domain?
years old and he's got this Ledger and I'm standing right behind him and I can see his handwriting and it's this
And we just-- almost as if he's jumping off a ledge .
You can see on that picture there's a cot hanging there. This is before they invented the actual porter ledge , if you've heard of that, for sleeping up on El Cap. That was some Navy bunk that my friend thought was a great idea to bring along to sleep on.
I was snorkeling near Sydney and saw under a ledge something moving around, went down and had a look at it.
-Real deal, man. Antarctica. And we're living in this port-a-ledge , this hanging condo, so to speak.
The tree I love lowers me from my window ledge , equal to her height.
And in the case of the Dawn Wall, taking a magic carpet ride in 60 mile an hour updraft winds is pretty darn fun. Tommy didn't want to break down the portal ledge and then reset it up in the wind. So he just sat on it and levitated his way down the wall.
this is just popping over like a five-foot ledge .
So in order to trust that what you see on the ledger is accurate without having to trust anyone in particular, you have to believe that those transactions are immutable.
When the barrier stopped her, Alien acted startled, purposely trying to catch the guard's eye. I also climbed up on the domes at MIT and the ledges and did that kind of stuff.
And if that work can instead be done by a distributed ledger where there is a record of the buys and sells,
It is that you have basically this global ledger of everything that is happening, and complete transparency to how the system works.