I'd encourage you to give the last few episodes of the YC podcast a listen, the ones on cryptocurrencies. While there is nothing fundamentally new about the mec

I'd encourage you to give the last few episodes of the YC podcast a listen, the ones on cryptocurrencies. While there is nothing fundamentally new about the mechanisms, there is a fundamental shift in who you have to trust for the transactions. I can't possibly explain this better in a comment than the podcasts or the great number of posts on the subject.