Blockchains and block explorers make it easier to index information than the open web and social networks because they have an open state database in addition to open source code. Indexing the open web is difficult due to the sheer number of websites.
The current hacks in crypto overshadow the fact that in web two, security can be set to zero and focus only on utility. The concept is that blockchains serve as primitive for shared state between companies to write and read from without interference, despite the undetected security hole in applications like Epic software.
The modularity of blockchain design allows for the easy integration of new features such as secure cadmium or different consensus protocols, resulting in faster experimentation and implementation of ideas.
The speaker argues that the majority of ICOs during the initial coin offering craze were fake and that Bitcoin, along with its layers, will be the true winner in blockchain technology. The talk focuses on the potential of Bitcoin and how the layers built on top of it (such as Lightning) will deliver what blockchain promised.
The interviewer describes a strange encounter with a potential blockchain developer job candidate who appeared to be avoiding direct questions and repeating buzzwords instead.
Citidao aims to create a decentralized on-chain city that utilizes blockchain technology to speed up transactions, reduce bureaucracy, and make land use transparent. The next steps for Citidao include voting on what gets built on the land and who gets to use it when, all through smart contracts.
This podcast discusses the potential of using blockchain technology to solve the issue of ticket stub fraud in the concert industry, where fake tickets and scalpers continue to be a problem.
