There is another, more social, assumption he is making: value that is stored on mathematical concepts (e.g., blockchain) is more appealing as value that is stor

There is another, more social, assumption he is making: value that is stored on mathematical concepts (e.g., blockchain) is more appealing as value that is stored on more traditional concepts (e.g., reputation, trust). The social question is the more interesting one. Tech history has suggested that people slowly but surely gravitate to more open systems, but asking folks to hold their life savings in digital currencies that rely on mathamatical promises completly foreign to the average user seems like quite a stretch. It does not exactly help that just about day there is a news article of some new data breach of an online system.