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#168 – Silvio Micali: Cryptocurrency, Blockchain, Algorand, Bitcoin, and Ethereum
Lex Fridman Podcast
Is Scalability a Challenge in a World That Is Big?
It's not only a question of the transaction per se, but the value is that the transaction is actually being shared and visible to everybody. So you want scalability at this common knowledge level that is the challenge. I took a little bit implicitly that the people transacting are actually very different fast and soft fashion per second of each other which is not so interesting. What we really need is to say there are billions of people at any point in time,. You know, fast and soft and soft ones of them want to transact with each other and you want to support that. Do you like to see certain kind of properties in order to say something is scalable? Oh, absolutely.
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