Chainlink co-founder talks cryptographic guarantees in web3 (w/ Sergey Nazarov)
Chain Reaction
00:00
The Demand for Cryptographicly Guaranteed Property
The real answer to this question is that the users will continually demand this cryptographically guaranteed property for their use of an application. And I'll give you once again a simple parallel. 10, 15 years ago, everyone would send unencrypted text messages over SMS, right? And then there were a number of scandals where telecoms got hacked and social media companies misused people's messaging data. So what happened? There was a failure in how systems worked. There was a crisis of faith. And then faith was restored because people were guaranteed. They were technologically guaranteed that a certain dimension of misuse or misbehavior wasn't possible anymore due to encryption. This is the same type of demand that will extend
Transcript
Play full episode
