Casey: Bitcoin replaces central intermediaries with community blockchain consensus
Michael Casey · a16z Podcast | The Five Stages of Bitcoin -- Disdain, Dismissal, Curiosity, Oh F**k!, and Acceptance · Jan 2, 2019 · at 7:28
Michael Casey, co-author of The Age of Cryptocurrency, explains how Bitcoin decentralizes trust through blockchain technology.
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“Bitcoin is a solution to that, because it outsources that role, that intermediation of trust, to the entire community. And it finds a, you know, a fascinating, unique instrument that, you know, that is the blockchain and the consensus process through which the miners come to confirm the transactions within the blockchain ledger to allow for a peer-to-peer exchange.”
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