crypto strategy

Could crypto be a safe national currency?

A panel moderated by a blockchain expert Sam Yilmaz director of operations of To block last week, COSM debated whether the cryptocurrency could be a national currency. It’s a risk but many of today’s currencies are.

wyatt robinson

Of wyatt robinson — Senior Business Advisor, Microsoft:

“The principle behind blockchain, as I understand it from my perspective as a former financial services lawyer, is really to promote efficiency, to free up capital, to enable end users to have more money in their pockets. And so when we think about what we should be on-chain, what activities should be on-chain at the end of the day, think about the stakeholders, the users who are involved in this transaction or who are harvesting the reported profits of this transaction and do a calculation from a business strategy perspective, what can we really do better in terms of change versus what we can actually do in terms of change just for the sake of it TO DO. “

mathematician and philosopher Guillaume Dembski answered,

“I feel like with the hype around blockchain, it’s become this universal hammer that we’re going to hammer everything on. I mean the idea of ​​a ledger goes back to the Babylonian written kana form on tablets that were clay and burned in ovens. And once you’ve done that, you’ve got something pretty indomitable. So when you’ve got those chicken scratches, you won’t be able to make them big -thing. So the idea of ​​a tamper-proof ledger, I think that’s good and I think a lot can be done with it. And especially with all the computing power that we have these days, you can probably I also approach this as a person who thinks about technological evolution because I work on biological evolution and then it becomes an analogy with technological evolution.

Bill Dembski

“People who think about it tend to divide it into three types. There is a revolutionary change, there is a gradual change in generational change. So when Alexander Graham Bell invents the telephone, it’s the first time we have remote voice communication. It is the revolution. When you go from a landline to a rotary phone, I remember when it changed in the 60s or 70s to a punch phone, it’s a gradual change. It doesn’t really change much. When you switched from a landline to a cellphone, that was a big change. And then when you have an apple on top of that, you call it a revo, a generation change, you can redirect things. There are a lot of interesting things that can come out of it. But I’m still really waiting to see the real cool stuff coming out of the blockchain. What is the actual record of achievements? And in a way, I’m still waiting for it. I think we probably have immature technology with it right now.

Gregory Meredith, the president of Rchain Cooperative said, “Think about it for a minute, right? It’s as if it’s already hard for nodes to catch up with data on channels used by a few million people. Imagine if suddenly the entire United States was using the Ethereum blockchain, every single person in the household was regularly using Ethereum, we’re talking about a hundreds of orders of magnitude increase in data, and if that continues to add up, then only those parties with massive resources would ever be able to run nodes forcing centralization. So at some point, if you really want to have scalable technology, you have to start forgetting about data, which means you have to have real finalization protocols.

And John Devadoss, Board member and co-founder of Interwork: “Over the last six, seven years, there has been significant progress in terms of understanding business models, business architectures, obviously identity, but also user experience, which has been a big hurdle in terms of broader crypto. How do you make it easier, simpler and certainly safer for people, so that ordinary people can use it. But I also think Bill’s point is key, which is that there’s this balancing act obviously kind of like that AI thing there. To somehow believe that control is going away, I think is ridiculous. These are tools and so ensuring that accountability, responsibility still lives within us as human beings, I believe that’s an area, Sam, where there’s still much, much more clarity to be done . ”

The discussion continues We can count on that.

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