The Unintended Effect of Blockchain Wallets

Peter Thiel: We got our start in something really simple, which was, you know, when you send a Bitcoin transaction other than logging into your computer. And so without just putting this on a database and make it a search engine and then it will update in real time, which is so cool. If you go to Peter's site to actually go to blockchain.info, you can watch in real time all of these transactions happening just streaming. He says the product insight was that people wanted the convenience of an e-wallet like PayPal, right? But they wanted the security of holding their own key because the whole point of cryptocurrency is that you get to hold your own money, you get to