“Well, two possibilities. One is we’ve gotten carried away, the other is society is going through a technological transformation.
There’s a fundamental technological breakthrough that has actually happened — an area of computer science called distributed consensus.
It’s the ability for a lot of people and software on the internet to be able to form trust relationships in an untrusted environment. Money is one application.
There are many other applications, many other things that people are going to be able to do with this technology. Many of the smartest people in computer science are going into this field and they’re pushing it forward at a really rapid rate.
So, to us, it looks like it’s just the eighth or ninth fundamental architecture breakthrough transformation happening in the tech industry.”
