
Mike Silagadze, Founder of TopHat ($200M+ Raised) | How to Start your Second Startup
A Product Market Fit Show | Startup Podcast for Founders
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Cryptocurrency - What's Next?
In 2009, Bitcoin came out and was this consensus mechanism that allowed all the different parties in the world to come to an agreement on every transaction. And then around 2016, I would say the logical extension of cryptocurrency platform emerged called Ether. That created a smart contracts platform, which is rather than just reaching consensus on transactions of sending, you know, Bitcoin from point A to B, the consensus would be reached around the outcome execution of computer programs. Even today, pick a number, 95% of the activity that happens in crypto is various forms of gambling. It's not super interesting to me. But if you think about even the stock market, what percentage of it is value driven versus what percentage
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