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Goats, Blockchain and the Future of Money | Fariel Salahuddin | TED

What if smallholder farmers could use their produce and livestock to pay for goods and services? TED Fellow and alternative currency enthusiast Fariel Salahuddin is working to make this a reality in places including rural Pakistan, where basic necessities like water and electricity are often expensive or inaccessible. She explores how the way we exchange…

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What if smallholder farmers could use their produce and livestock to pay for goods and services? TED Fellow and alternative currency enthusiast Fariel Salahuddin is working to make this a reality in places including rural Pakistan, where basic necessities like water and electricity are often expensive or inaccessible. She explores how the way we exchange value has evolved over time — from bartering to blockchain — and shares a new perspective on currency that promotes self-reliance for farmers and creates a more inclusive economy.

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59 Comments

  1. Ben Ahlander

    April 26, 2022 at 10:44 pm

    If goat ownership gets tokenized, NFT bored ape folks will hodl them to flex and the price of a 🐐 will go parabolic

  2. Dirty McStinky

    April 26, 2022 at 11:24 pm

    It’s a nice story but I can’t help but think you’ve just found another way to capitalise on goats. Who controls the digital value of a goat? If you don’t provide the platform can I sell my goats on another platform, is it really decentralised…

  3. Natures_Symmetry @

    April 26, 2022 at 11:36 pm

    Anyone know which blockchain technology is she using/talking about? There are many layers 1.

  4. Steve Carter

    April 27, 2022 at 12:01 am

    Love all the assumptions, we know where that leads you in history…

  5. Mark Harley

    April 27, 2022 at 12:01 am

    I love bitcoin as much as next guy but isn’t this just selling the goats to buy stuff? It’s just a question of how to make supply chains more efficient?

    • I couldn't think of a good name

      April 27, 2022 at 3:42 am

      It’s bypassing the normal chain of how to buy things. Basically modernized barter system.

  6. Aaron Alderson

    April 27, 2022 at 12:56 am

    Most people mistakenly think of currency as money, which is why central banks are allowed to exist in the first place. It’s a scam.

  7. t g

    April 27, 2022 at 1:41 am

    How is this a ted talk???

    • TEDwhatsapp, +⓵ ⓸⓵⓶-⓻⓽⓵-⓺⓻⓻⓹

      April 27, 2022 at 2:57 am

      Inbox for assistance and investment guide 👆

  8. I couldn't think of a good name

    April 27, 2022 at 3:33 am

    I don’t know why I am watching Agatha talk about future of money.

  9. Batman

    April 27, 2022 at 3:58 am

    She was Buffering

  10. D. Ogunleye

    April 27, 2022 at 4:52 am

    It’s very sad that people are still falling for these traps in 2022. Lots of people lost Millions on the so called Blockchain, Token and Crypto Currency. Don’t forget that Elizabeth Holmes had a TED talk… Need I say more? I like TED, but don’t use your platform to keep promoting things like this.

  11. jacejunk

    April 27, 2022 at 5:01 am

    Is this TED speech the Greatest Of All Time?

    • Twuan Dixon

      April 28, 2022 at 2:01 pm

      How? Even vaguely?

  12. Viet Anh Le

    April 27, 2022 at 6:04 am

    Using blockchain technology to support charity in the near future is applicable, but if it becomes a currency, it will be a while longer. A huge influence on the global financial system is not simply such an exchange.

  13. SIDI IMRAN MOHD NAJIB

    April 27, 2022 at 6:14 am

    There is error made by the speaker here:
    1. Muslims celebrate eid not because of Prophet Ibrahim sacrifice Ishaq, but its Ismail
    2. If you is a muslim, wear a hijab my sister, that is your obligation

    Ps: great input btw🤩

  14. Philip Adair

    April 27, 2022 at 6:16 am

    take that, vegans lol.

  15. Richest Man In Tatooine

    April 27, 2022 at 6:48 am

    You can do the same with comic books instead of goats.

  16. UAY

    April 27, 2022 at 7:51 am

    Pakistan Zindabad!

  17. Hmp Design

    April 27, 2022 at 8:53 am

    Good speech

  18. Tony Gold

    April 27, 2022 at 9:43 am

    A life affirming initiative. Congratulations.

  19. tubaduk

    April 27, 2022 at 9:52 am

    Outfit says confidence lady but the words objects to this notion.

  20. The Do solve

    April 27, 2022 at 10:36 am

    It’s such a simple and obvious thing but never did it. It shows how ignorant I am.
    She inspired me ❤✌

  21. Mehak Munaf

    April 27, 2022 at 11:36 am

    So proud of this lady ♥️

  22. Mahbubur Rahman

    April 27, 2022 at 11:44 am

    She claimed the sacrificial son was Issac but islam clearly says it was Ishmael

  23. hanbyul kim

    April 27, 2022 at 1:35 pm

    처음에는 나는 세계일주로 경제를 배웠다. 이건줄 알았는데나중에 보니까 비트코인이네

  24. Stig Helmer

    April 27, 2022 at 5:16 pm

    So this women has finally understood the basics of capitalism? What am I missing?

    • Twuan Dixon

      April 28, 2022 at 1:57 pm

      Seemed like a long winded way of saying Ted talks like cryptocurrency to me. No real major points tbh.

  25. sensei chailand

    April 27, 2022 at 10:44 pm

    I started to understand that the importance of decenterized currency but most countries will be against with this trend. By looking back the history of money, we will create new currency.

  26. Daniel Chun

    April 28, 2022 at 7:58 am

    I also believe artists around the world could try artracx to create value for their art and tokenise their art creations.

  27. Terry2can

    April 28, 2022 at 8:23 am

    Hi I would like to thank you for your speech your speech was like no other but like all the rest of them that preach how good etc ball stalking goat ball grad at flows from the lips of human to rip others off despicable

  28. Germán Acosta

    April 28, 2022 at 11:40 am

    Non legislated money, that can and is being created almost by anyone? How many crypto-currencies exist today? Which ones will prevail and why? Blockchain is traceable, who will have the authority to trace money for security of others? Why? For me, still too many questions to solve. I still prefer other means to value than crypto but I acknowledge the uses of blockchain in certain use cases and communities.

  29. TRAMWAJAZ1

    April 28, 2022 at 11:48 am

    This story is strange. It can ended like that “I arrive to the village and I bought 40 goats for 10k. They bought the pump. End of story.” But they’ve done a happening over it with blockchain, tokenizing etc., paying developers much more than this 10k to make it a blockchain story. If the people in the village were able to sell 40 goats which was really equivalent of solar pump and still operate normally, they were lacking economic knowledge and basic education not technology. This is saying, you don’t understand exchange goat->paper money, so let me introduce you to this modern technology token exchange decentralized network which is much simpler. Really?

    • Twuan Dixon

      April 28, 2022 at 1:56 pm

      Yea it’s just another sounds nice Ted talk that doesn’t really work lol at least they didn’t say Blockchains were sexist like with most their subjects 😂

  30. TheaDragonSpirit

    April 28, 2022 at 12:37 pm

    Animals are not objects, please aim for a more considerate future, rather than one which basically endorse the abuse of animals for human betterment. There is thousands of other ways to go about helping people without justifying the abuse of animals for a profit, under the pretence of claiming it helps small local communities.

    • Twuan Dixon

      April 28, 2022 at 2:03 pm

      I think you’ll find these specific communities don’t even nearly consider the feelings of the animal. Purely a commodity.

    • TheaDragonSpirit

      April 28, 2022 at 2:51 pm

      @Twuan Dixon That is the problem, enabling that behaviour isn’t positive in my view. Animals aren’t a measurement currency.

  31. scott whiteside

    April 28, 2022 at 2:49 pm

    *I’m of

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      April 28, 2022 at 3:19 pm

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      April 28, 2022 at 3:24 pm

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    • Mikey-Bigg

      April 28, 2022 at 3:25 pm

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  32. Marwa Ali

    April 28, 2022 at 8:08 pm

    Please allow as a Muslim to correct you . Eid honors ibrahim’s sacrificing Ismail or Samuel

  33. Kennedy Mills

    April 28, 2022 at 8:52 pm

    I agree to all that is being said, If there’s one thing I’ve learnt recently is to remain calm especially when it comes to investment in Cryptocurrency. if bitcoin doesn’t go bearish further, it means we may get a period of some relief rallies across then markets would be good but the crypto market is unstable and you can’t easily tell if it’s going bullish or bearish. While i and my colleagues are trading without fear of making losses but profits, others are being patient waiting for the price to skyrocket, well It all depends on the strategy/signal you follow. I have been able to amass a lot of profits 11.5 btc! and more when i started at 3.5btc implementing my trades using Kennedy Williams daily signals and strategy.❤💖💕

    • Cole Alfred

      April 28, 2022 at 8:59 pm

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    • Darren Paul

      April 28, 2022 at 9:00 pm

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    • Chris Rock

      April 28, 2022 at 9:01 pm

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    • Olivia Robert

      April 28, 2022 at 9:03 pm

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  34. Madeleine Dee

    April 29, 2022 at 4:30 am

    I have been watching some videos and I was thinking about investing in bitcoin , but still don’t know where to start from, any recommendation?

    • Steven Diaz

      April 29, 2022 at 4:48 am

      @Burj Khalifa I’m not based in US, can he be of help to me! ?

    • Charlotte Oldbury

      April 29, 2022 at 4:55 am

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    • Shannon Callehan

      April 29, 2022 at 4:57 am

      @Charlotte Oldbury This is really helpful for my situation!! thanks guys I will try her but Do you know how much is ok for a start let me know if I can do this

    • Donald Jason

      April 29, 2022 at 5:00 am

      @Shannon Callehan I think it depends on the market he’ll definitely give you all the information you need

    • Dantani Moses

      April 29, 2022 at 5:01 am

      @Hao Nguyen Mrs Katie Haun is a well known bitcoin and forex expert. She’s the brain behind all my successful investments in bitcoin .

  35. Malcolm Pagett

    April 29, 2022 at 8:35 pm

    One solution would be just moving the village closer. lol.

  36. Alexandra Novikova

    April 29, 2022 at 8:48 pm

    This is such a great idea, you’re taking something a group of people is good at creating and turning it into an investment they can use to better their community! It’s a win win situation.

  37. Tiara Roxeanne

    May 1, 2022 at 3:43 am

    Nope, Goat Lady. Living beings are not reliable as money because their properties are prone to decline. Goats can be sick, lose weight, or dead. That’s why we don’t use them as money. Even in the ancient times people use metal coins as money instead of leaf because of the durability.

  38. Dispar vulgo

    May 2, 2022 at 10:09 pm

    Fantastic!

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