The Bitcoin network and other distributed ledgers all represent a collectively maintained public infrastructure and are the backbone of the next generation Internet, what the crypto community refers to as the Web3.
Obviously, things like Amazon Web Services and wireless networks already exist. But blockchain incentives, consensus mechanisms, and smart contracts can do it all in a fundamentally different, more decentralized way. Once I saw that this decentralization has a variety of technical, economic, and political advantages, it became started to become cle... See more
Crypto/blockchain is a fundamental innovation that addresses an important problems facing us in the world today: too much power concentrated in the hands of a few corporations and governments.