What is the blockchain? If you don't know, you should; if you do, chances are you still need some clarification on how it actually works. Don Tapscott is here to help, demystifying this world-changing, trust-building technology which, he says, represents nothing less than the second generation of the internet and holds the potential to transform money, business, government and society.
Why Crypto Matters
First things first, forget what you’ve heard about Bitcoin. It is not a scam, ponzi scheme, or fad. Bitcoin is not illegal. It is a legit currency (currently with a market cap of around $10BN), and has prompted one of the great futurists of our time Marc Andreesen to exclaim:
How do you make money?
Wait, how can a business make money in the crypto space? This is a question I got this week, and one that I had as I first dove into this space. If this is a world where everything is decentralized, where there is no rent-extracting middlemen, and all the value accrues directly to the participants in the network, how can you create a business and generate profits?