3min chapter

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#006 Sean O’Connor: How Blockchains Make Transactions Costless, and How that Transforms Society

Smart Friends

CHAPTER

Cryptocurrency on Ramps and Offramps

The velocity of money inside large financial organizations is so great that to have a real time understanding is really hard. On a block chain in etherium, it's probablistic. Every 15 seconds, the new block is minted, and you know where all your assets are in real time. But outside of the inner net, in the meat space, ah, ye er, it's going to take some time for crypto on n off ramps to yes.

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