I stumbled across this youtube video recently, and I invite you all to watch it. It really opens you upto some concepts of blockchain / Etherum that you might know, but not understand.
Some of the things that I found very interesting:
“Blockchain is a decentralized system that has some kind of a shared memory”
“A good blockchain application is one that a. needs decentralization b. needs some kind of shared memory”
Bitcoin => Protocol in service of the currency; Etherum => Currency in service of the protocol
Crypto Currencies is a natural transition of trust: In God we trust -> In nation we trust -> In math we trust, An this theory ultimately disrupts traditional power structures.
The last point I found to be very interesting, China’s recent crackdown into cryptocurrency is just retaliation against this disruption. It’s just beautiful that we continue to grow
If you do watch the vid, id like to know your thoughts on it