Benet: Silicon Valley dismissed Bitcoin by missing its core value of verifiability
Juan Benet · a16z Podcast | Trends in Cryptocurrencies · Jan 2, 2019 · at 10:03
Juan Benet, founder of Protocol Labs, explains why traditional tech investors underestimated Bitcoin's architectural breakthrough in its early days.
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“And so it's partly for that reason, I think, that Silicon Valley effectively dismissed a lot of the potential of Bitcoin. It just looks like such the wrong thing. If you could, you know, beat the throughput of Bitcoin with a SQLite database in your phone, why is this thing useful? And so everybody kind of missed the point. The point was to establish this Different kind of computing contexts where you have public verifiability and immutability”
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