- Some of the motivation behind Ethereum and BC technologies from the perspective of digital economy.
- The speaker is the author of best seller "The Digital Economy" from 1995.
- P2P exchange not only of information but of value.
- A new book about BC: Blockchain revolution )
- The economy of collaboration (Ronal Coase) - Why do we have firms? - the cost of transactions (17:45).
- Blockchain technologies radically reduce the cost of transactions! Allows new forms of economic activity.
- Imagine a BC Uber... cutting out the middle man (really).
- Smart contracts can allow everyone to create firms for almost no fees via smart contracts.
- The world becomes "ungovernable" - very old centralized model.
- The new model - multi-stakeholder networks - self-organized governance networks instead of states (27:20).
- Governance networks ecosystem can be based on BC technologies.
