This exact argument seemed compelling when the internet was rolling out. Private networks were fine and even more useful—who would send financial information ov

This exact argument seemed compelling when the internet was rolling out. Private networks were fine and even more useful—who would send financial information over a public network? It turns out that technologies that unlock permissionless innovation are incredibly important. Regulators want blockchains to succeed because they aren't faceless boogeymen who stand in the way of progress for fun. Blockchains allow me to build economic protocols that require scarcity without inserting myself as a middleman to enforce that scarcity. This is where the most potential lies. There are lots of problems that exist because the transaction costs to solve them are too high: finding someone to solve them, agreeing on a price, and setting the terms for when something goes wrong can be cost-prohibitive. Each time a new economic protocol is built, mankind is permanently given the power to trade frictionlessly in that arena. This is a new thing. Join us in figuring out how to use this new thing.