Ben Horowitz ‘88CC on Cryptocurrency

[MUSIC] So, with cryptocurrency
starting with the BitCoin paper in 2009,
there’s a way to enforce rules and exchange money electronically,
with no central authority. That’s a big deal,
that’s a really big deal. Now, there’s technical things,
and scalability things, and w hich technology is gonna win and
all that. But just the fact that I
can now enforce rules, and I can transfer a piece of digital property
from one person to another person with no third party involved reliably,
securely, that’s a heck of a thing.

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