Blockchain
By Maheen Hernandez
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Lex Fridman: In a white board presentation, you gave these 3 phases. And, you kind of implying that there will be an end phase to this whole evolution.
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Charles Hoskinson: So, what I did in that video, I have done in a lot of video interviews.
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So, could we build some sort of system, where we can create some notion of value that could be teleported around the world and it doesn’t require a trusted third party?
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Then, I would say the inflection point was 2013 and at that time it became a billion dollar market cap like Silicon Valley startups and real exchanges performing.
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I can awake capital control, so that I can like move 10 billion dollars or something from one country to another country in 5 minutes, which I could never do that before.
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So, that is what Ethereum effectively did. They built on programming languages, onto a blockchain and they went from a certain use case, to whatever your imagination could have:…
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Lex Fridman: So, you are saying Bitcoin is HTML and Ethereum is Javascript.
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Charles Hoskinson: Basically, yes when Javascript came. Like Javascript has all kinds of problems and issues. Actually we have plenty of Active X and Flashes.
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Okay, the minute you have that then suddenly you have ICOs and DeFis and STOs and NFTs and all these word salads of things.
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