He kinda goes off the rails at 35:30. "If Satoshi really wanted people to spend their coins he would have made bitcoin inflationary." He's falling into the trap people use to defend fiat. "Well we can't need an inflationary currency or else no one wo...
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October 7th, 2015 by PFarah
How Blockchains Are About to Disrupt Industries, Governments, and People’s Lives
Most people are familiar with the trajectory of digital evolution to date, from Web 1.0 (a one-way content distribution net) to Web 2.0 (an interactive social net) and possibly Web 3.0 (where smart applications monitor data and make decisions as human’s agents, and in doing so interact with both humans, other apps, or IoT-enabled machines).
What might be less well-understood is the disruptive power of a new wave of digital capabilities enabled by cryptocurrencies (e.g., Bitcoin) and the underlying distributed ledger technology enabling the P2P exchange of digital value (e.g., the blockchain).Read More