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Blockchain as a Primitive for Shared State Between Companies
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3:51:34 - 3:53:18 (01:43)

The concept of blockchain functioning as a primitive for shared state between companies makes it difficult for anyone to interfere with another user's reads and writes. While the current hacks of crypto things obscure the fact that in web two, setting security to zero and focusing on utility is easy, utility is key to customer retention.

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