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Understanding the Power of Decentralized Systems & Blockchain
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About the talk
Chris J Snook interviews venture capitalist W. Scott Stornetta, the co-inventor of blockchain technology and 3x source reference in Satoshi's whitepaper. They cover topics of the current and future state of decentralized and centralized systems and the philosophies and methods used by successful technologists and entrepreneurs to shape a brighter future.
01:20 Technologies power
05:55 Cryptocurrency in the existing financial ecosystem
11:18 People start to think
15:46 Monetize the work
20:50 Scale tips
25:20 Decentralized governments
29:50 Use cases
35:03 Original vision
39:30 Social structure
42:20 Solving the micro-problems
About speaker
Co-developer, with Stuart Haber, of the early blockchain. I invest in early stage technology companies, sit on various boards, mentor beginning entrpreneurs, and lecture on computer science, including its social and economic implications.
View the profileOkay, so we just heard from Mr. Draper and now we're going to listen to the Fireside of mr. Stornetta Scott's turn. You should be known by now without need for introduction. But for those who are new to this face with a lot of people are satoshi's white paper, which a lot of people still have not read There are eight references in it. And three of those references have you and some of your colleagues with paper and some others in them. And so we call you the OG or an emoji of black shame because you are a co-inventor of it before it was called blockchain.
And what we wanted to talk about now is kind of this coming of age of these are July systems blockchain and and helping ground in the power and possibility they presented when you and the early 90s first kind of Started put the map together and think about it, but as it's come of age now over the last 12 years trying to ground us all both Layman and otherwise and technologist in the power of decentralized. So that's what we're going to spend the next 40 minutes or so talking about to just set this event off
right and to give us the proper context as we consume and listen to the amazing list of folly centimeters in and people coming on the stage this weekend. So thanks for being here Scott. Welcome to the show happy to be here. And again, it's a tough act to follow Tim Draper. But I guess we have a lot in common. He has a bank account. I have a bank account the fact that his has a few more zeros in it. What is it? What's the matter? Euros is the only difference between
I guess just for context. I do want to be clear to people that I have both a historical perspective
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