5min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC100: Jeff Booth On Finding Bitcoin's Signal In A Noisy World (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Why Open Protocols Are the Hardest to Understand?

Open protocols provide the most value to society and are the hardest to understand. Why do you think they're so hard to understand for people? Because they come in layers. You have no idea what's available to you on the next layer until the next layer is there. And when we, when given new inputs that create a better life for us, we change our minds really quickly. So those are hard to see. It would be almost impossible to understand what a protocol level technology would do and what opportunities that would open up as it is involved.

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