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TL;DR
When Brian Armstrong lists off a bunch of blockchain associated startup concepts that he would pursue if he had the time – it’s value listening to.
Our two favorites are: Crypto’s model of Google PageRank; and ‘The crypto model of Upwork/Fiverr.’
Full Story
Crypto years are very like canine years.
For instance:
Brian Armstrong has been engaged on Coinbase since 2012.
In crypto years, that is roughly 130 years (or 1561 months for those who wanna get scientific about it).
The takeaway right here, is that this: Brian is aware of his stuff.
Which is why, when he lists off a bunch of blockchain associated startup concepts that he would pursue if he had the time – it’s value listening to.
Right here’re our two favorites:
Crypto’s model of Google PageRank.
Google’s PageRank system just about says: if a website has been round for some time, and a bunch of different websites hyperlink to it – it have to be reliable. Blockchain has an identical construction, however as an alternative of internet sites, it makes use of pockets addresses.
The one distinction is, there’s no unified system that ranks somebody’s trustworthiness based mostly on their previous interactions. That’s essential stuff in the case of borrowing/lending/buying and selling! (And constructing the ‘Google of Web3’ looks like an enormous alternative).
‘The crypto model of Upwork/Fiverr.’
I.e. let huge firms publish a process to a world market and pay of us in crypto for his or her work.
This ain’t a brand new concept. In truth, Amazon tried it! They noticed a possibility to faucet into an enormous world expertise pool, and so they went for it. …solely drawback was, they couldn’t ship US {dollars} to most of the hottest locales – which led to them paying of us in Amazon Reward Playing cards (!) in lots of conditions. (A lot in order that ‘Amazon Reward Card to money’ exchanges began to pop up in some locations).
Crypto solves this. So long as firms and employees every have crypto wallets (that are quick and free to arrange), funds might be despatched and acquired inside seconds for a few cents in charges.
…brb, beginning a number of extra crypto-focused companies actual fast.
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