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HB #60: Blockchain Technology & Cryptocurrency
Manage episode 317217458 series 3117263
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Only Nate can take a topic like this and break it down in his inimitable style. Forget Technology, forget Software Architecture and Cross Border Transparencies, forget all of it. Nate breaks it down to its impact on society, on each and every one of us, both now and in the future.
Nate tells up front that he is looking at this topic on a holistic basis and how in its essence, Blockchain structure is a decentralized focus and that’s all we really need to know. He instructs us not to fear its element or the impact on how bitcoin cryptocurrency is, and will be, the currency of the future world. It’s value is not fixed and that’s not a bad thing!
Nate shares that Blockchain has a system built in to maintain transparencies, yet confirm our transaction has occurred via pooled transactions, yet not individually visible. While cryptocurrency can be volatile and thus an investor's best friend, there are stable coins for those who want to use the technology without losing sleep.
Finally, Nate tells us to “rethink value”. When we do that, we will see the advantages of using cryptocurrency and blockchain technology and learn to embrace it, not fear it. As Nate says, “Consensus rules”.
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