a16z Podcast

a16z Podcast: Five Open Problems Toward Building a Blockchain Computer

May 13, 2019
Ali Yahya, a crypto partner at a16z, dives into the exciting world of blockchain computing. He highlights five major challenges the community faces, from scaling decentralized computing and storage to establishing trusted identities and governance. The discussion compares the transformative potential of decentralized systems with traditional models, emphasizing the need for trust in transactions. Yahya also explores how skilled professionals are flocking to crypto startups, igniting innovation and new applications in the tech landscape.
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INSIGHT

Crypto's Trust Paradigm

  • Crypto offers a new computing paradigm prioritizing trust.
  • It's initially less performant than existing systems but enables new applications.
ANECDOTE

Mobile's Impact

  • Mobile phones enabled apps like Uber and Instagram due to built-in cameras and GPS.
  • These apps were impossible with PCs due to practicality and missing location data.
INSIGHT

Decentralization of Control

  • Decentralization in crypto means distributing human control, not just computing geographically.
  • Trust is established bottom-up by participants, not top-down by a single entity.
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