1) Have a bank account
2) Have a driving license
3) Use paper money
-You didn’t care about securing your photos
-Didn’t care that your location was tracked everywhere you went
-Didn’t care about posting your life on Facebook
-You used the same password “password 123” for all 17 accounts
-You didn’t know what 2FA was
-If you can replace “blockchain” with “database” - then it’s business as usual
-If it’s not decentralized, borderless, censorship resistance - It’s not innovating
-If it reestablishes trust in intermediaries - bullshit
"Order through authority” leads to chaos, corruption, and often violence.
"Order through autonomy” gives us predictable outcomes that are not subject to the whims of authority - this maximizes order in an unprecedented way.
BTC (not Turing complete) = limited in it’s flexibility which enables robust security.
ETH (Turing complete) = flexible, fast programing, more complexity which leads to unintended consequences, and less security
Ethereum’s killer app today: token sales with questionable legally
In the process, I learned
-Taking notes while reading = more understanding
-Forced brevity requires focus on the essence
-I will refer back to these notes