Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.
- Vitalik Buterin, co-founder of Ethereum and co-founder of Bitcoin Magazine
Bitcoin represents a fundamental transformation of money. An invention that changes the oldest technology we have in civilization. That changes it radically and disruptively by changing the fundamental architecture into one where every participant is equal. Where transaction has no state or context other than obeying the consensus rules of the network that no one controls. Where your money is yours. You control it absolutely through the application of digital signatures, and no one can censor it, no one can seize it, no one can freeze it. No one can tell you what to do or what not to do with your money. It is a system of money that is simultaneously, absolutely transnational and borderless. We’ve never had a system of money like that.”
- Andreas M. Antonopoulos, Bitcoin evangelist & Author of The Internet of Money
Trust is the fundamental raw material of commerce.
I have to trust you to transact with you.
We start every company an transaction with an automatic and subliminal assumption that counter parties cannot be trusted.
Intermediaries broker trust between those that are looking to trust and those that are looking to be trusted.
Every company has at risk of being disrupted by a blockchain version of itself.
- Richie Etwaru, Founder & CEO of Hu-manity.co, Author of Blockchain: Trust Companies