When we look at government in Washington or what's happening on Wall Street, we see so much centralization. But really, our goals should be to eliminate and overcome these central institutions. And in recent years we have gained powerful new tools to do this, and most significant among those is the block chain, which is the software behind Bitcoin.
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Patrick M. Byrne:
This is where the block chain is most useful and revolutionary: It helps us to overcome the problemPatrick M. Byrne:
With the block chain, for the first time, we no longer need these central institutions for settlemePatrick M. Byrne:
The main event isn't bitcoin. It's using the blockchain to disrupt other industries and Wall StreetPatrick M. Byrne:
For the first time in 6,000 years of human history, we can have peer-to-peer exchange where trust iPatrick M. Byrne:
We want a money that some government mandarin can't just whisk into existence with a pen stroke.Patrick M. Byrne:
There is an opportunity to recreate the financial world as we know it in the parallel universe thatPatrick M. Byrne:
A major impediment to economic advancement around the world is the fact that the vast majority of hPatrick M. Byrne:
You're going to start seeing open-source, self-executing contracts gradually improve over time. WhaPatrick M. Byrne:
I'm not wed to bitcoin's blockchain. I'm blockchain-agnostic.Patrick M. Byrne:
Bitcoin and other cryptocurrencies are a form of money that's a stable field that the government ca