Crypto’s Future Applications

Published on
February 28th, 2019
Duration
9 minutes

Crypto’s Future Applications

The Creators of Crypto ·
Featuring Charles Hoskinson

Published on: February 28th, 2019 • Duration: 9 minutes

The co-founder of ethereum, Charles Hoskinson, explains how cryptocurrencies open up the possibilities to make life more convenient and why it is the biggest innovation in finance since banking. This clip is excerpted from a video published on Real Vision on December 11, 2017 entitled “Ethereum Co-Founder on ICOs and the Future of Investing.”

Comments

  • BB
    Brian B.
    29 June 2019 @ 12:29
    These tokens (airmiles, reward points, PayPal credit, digital currencies, in-game credits/ points, etc.) to an extent exist already today but they aren’t useful outside their ecosystem, struggle to store value and have no mechanism for value exchange with other tokens. TCP/IP made that possible for the internet, just as SMTP equally made it possible to send and receive emails from different email service providers. The big question is, which protocol will do this for crypto? I think that’s why the discussion over the bitcoin blockchain will remain for some years to come. Having more than one blockchain is certainly possible but this fragmentation whittles away the value of a single one that is trusted and secured. I’m not saying it will be bitcoin, but for sure it has to be one, just like we largely have one internet.
  • TA
    Truitt A.
    1 March 2019 @ 03:48
    Even though it is from an older video, this clip is condensed very well. I hope to see more videos, especially on the crypto industry, like this. By the way, James, the sound mix is a little jacked at the end - tough to hear Ash over the music.
  • GA
    Gambhir A.
    28 February 2019 @ 22:20
    This is one of the old video clips form 2016
  • GF
    Gordon F.
    28 February 2019 @ 22:19
    A beautiful vision, and one that I find very emotionally attractive. BUT I don't see governments and banks giving up their power and control over their various currencies so easily. Sure, Charles traveled through Europe just using his phone app or credit card, but you better believe that there were transaction fees, currency exchange fees, taxes, etc., taken out every time he bought something, and going to the crypto currencies as he advocates would bypass most or all of that. The powers-that-be are jealous and protective of their powers and control, so I don't see smooth sailing on our path to a cryptocurrency world. I would really like to see it happen, but I'm skeptical.