Digital scarcity

As readers of this site can tell, I have been spending plenty of my time lately focused on cryptonetworks and blockchains, and in particular, working through the intricate regulatory and legal issues involved.Explaining what cryptocurrencies, cryptonetworks and blockchains are is tough to do.

As Naval recently said on Twitter:1 person who’s able to clarify this complex subject remarkably simply is Peter van Valkenburgh from Coin Center. A couple weeks ago Peter testified at the House on a committee researching cryptocurrencies and so-called ICOs. His 5-minute description of the “true innovation” here is crystal clear and worth watching:

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