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Blockchain (Don't Invest!! (Slow process (10 min with bitcon, 15…
Blockchain
Don't Invest!!
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Will kill jobs?
The future of lawyers, underwriters, legal jobs in general?
Economical, legal, governance, ecological challenges?
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Not just market challenge. It is a hard technology challenge. Creating a new thin that did not exist and some will fail. Making a bet on someothng not even really feasible.
Decemtralised web stack is a massive challenge. More and more Capital available.. so it is a question of time. Next Era of the Ingernet is being built.
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Web owned by the users of the web. Problems around privacy and data mining. You won your data and decide what to share to services that are ultimately point to point protocols.
Value to early adopters instead of people who ownd the web platforms.
Emerging behaviours will appears.
Very easy to compare to centralised web platfroms... anticipating that economic incentive strcutures wil lgenerate things we don't imagine like the internet.
Use Cases
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Banking
Full of ledgers already/ so a lot of use cases. Central authority removed with peer to peer authority.
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Invest!!
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Golden era protocols - required gov't funding. Capitalist economic model. But since dramatic centralisation of power in private companies. RSS (Open) Fcbk (closed) and Closed won! THey had all the money and people .
Now Open is developpign its own business model and energy will be put into it. With new funding mechanisms AppCoind. New infrastrcuture (Mining, blockchain )
Services (Public AWS) without central authority or owners . No central point of control. Cannot cut people off. As developper can now invest into it. Vitalik cannot stop it! OPEN might be winning.
THe problem of trust.
Trust no-one!
Assume there are bad people trying to convince the network of false information. So Swam incentive structure
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Decentralising today's centralised Internet stack system: IPFT (Interplenatary File System). Swarm (build decentralised apps), ENS (like DNS .ETH domain names to small contract)... all of this need to be in place before applciations can really florish.
Investing into computing platform on top ... Galum and file coin => can build more complicated emerging applications.
Too early for viral end user App coins or App tokens. What technologies will enable that?
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