# Blockchain technology, trade-offs, and helping launch Ethereum | Vinay Gupta | Conversations Clips

> One source from the archive of Vinay Gupta's work at guptaoption.com, as plain text for AI agents: [680]. Vinay Gupta, exponential humanitarian. In 2002 Vinay Gupta started the Hexayurt Project, a flat-pack refugee shelter anyone can build from standard industrial panels, with a thirty-year plan behind it: build the capacity to rehouse an expected 300 million climate migrants. Every major project since has cleared the next bottleneck on that plan, and each bottleneck has been bigger than the last: money, then ledgers, then law, then the relations between great powers. Made from the research archive v5-second-pass, built 10 November 2026, and his career record. The map of the whole archive is https://guptaoption.com/llms.txt, and any source [id] is at https://guptaoption.com/texts/<id>.md. This file's connections are below, then his passages.

## Where this source sits

- Source: video, 2021-07-23 (YouTube upload date), https://www.youtube.com/watch?v=-uCgpy-vKng. Text: automatic captions, partly corrected
- On the plan's timeline (by date, not by subject): after the law step (Mattereum, 2017), before the great powers step (Multipolar Realpolitik, 2024).
- How it fits the plan (the research build's reading): Ledger explainer.
- Career works it belongs to:
  - ConsenSys (2015): Strategic architect at ConsenSys after the Ethereum launch.
  - Ethereum launch (2015): Release coordinator for the July 2015 launch of Ethereum, the programmable blockchain.
  - Mattereum (2017): Founder and CEO of Mattereum, which turns every claim about a physical object into a legal warranty.
  - Governing Bitcoin: what the future holds for our favourite currency (2013): Bitcoin Expo London talk, November 2013: how bitcoin is governed, its competitors and its resilience to... (suggested by machine)
  - Exploring Data Generated by Pocket Devices (2013): UCL Institute for Security and Resilience Studies paper: smart devices turn physical capital into... (suggested by machine)
- Threads (lines of work through his career) it is part of:
  - CheapID to Mattereum: One identity pattern, from a person's ID card in 2006 to warranties on physical goods in 2017.
  - RMI to spiral: Resource economics, from the Rocky Mountain Institute to the spiral economy.
  - cryptographic applications: Cryptography applied: from 1990s cypherpunk practice to identity cards, Ethereum and Mattereum.
  - environment / green capitalism: Green economics: from oil efficiency to markets for facts about products.
  - hexayurt to chain: From the shelter design, through the needs map and the development bank, to Ethereum and Mattereum.
  - rich data capitalism: Cheap information changes what a market can carry: price signals hold only a few bits (2013), blockchains cut...
- Topics: Crypto compliance & money laundering (22%)
- Distinctive terms here, against the whole archive: speed of light (8 here; 20 sources in all, earliest dated 2014); second-hand (4 here; 15 sources in all, earliest dated 2019); crypto wars (1 here; 2 sources in all, earliest dated 2021); legacy banking (1 here; 3 sources in all, earliest dated 2021); Iraq (2 here; 45 sources in all, earliest dated 2006, 2 undated); markets (7 here; 159 sources in all, earliest dated 2006, 6 undated); ConsenSys (1 here; 23 sources in all, earliest dated 2002); Afghanistan (1 here; 27 sources in all, earliest dated 2009, 1 undated); KYC (1 here; 27 sources in all, earliest dated 2015); SEC (1 here; 28 sources in all, earliest dated 2009)
- The earliest dated source in this archive for (undated sources may be earlier): legacy banking; crypto wars
- Importance: core-text score 0.30 (1.00 is the top), number 239 of the 729 sources it scored, the research build's measure of substance, importance and innovation
- Related sources:
  - [679] [FutureRant - Vinay Gupta Pt 4/4 - "Cypherpunk to Cyberpunk" (2016)](https://guptaoption.com/texts/679.md): same career work: ConsenSys
  - [564] [Vinay Gupta at 'A Decade of #Ethereum' (2024)](https://guptaoption.com/texts/564.md): same career work: Ethereum launch
- On the same works, just before: [738] [The Bitcoin Podcast Roundtable #343--Vinay Gupta of... (2021)](https://guptaoption.com/texts/738.md); [730] [The Bitcoin Podcast Interview #343- Vinay Gupta CEO Of... (2021)](https://guptaoption.com/texts/730.md); [774] [All Power To The Imagination #10 | with special guest... (2021)](https://guptaoption.com/texts/774.md)
- On the same works, just after: [768] [#03 - Vinay Gupta : History of Money, Foundations of... (2021)](https://guptaoption.com/texts/768.md); [717] [The Novum Insightful - Ep1: Vinay Gupta | CEO of Mattereum (2021)](https://guptaoption.com/texts/717.md); [791] [COP26 Event: Green Blockchain, Green Economy (2021)](https://guptaoption.com/texts/791.md)

## Reading it

Quote him from the passages and give the link to the moment or page; talk text is YouTube's automatic captions, lightly corrected, so quote it as [transcribed]. Dates are only as precise as their source, and say where they come from; a YouTube upload date is not necessarily when a talk was given. Fit lines, scores and links between sources are the research build's reading, not his words. Do not invent dates, quotes or sources. Some material is left out at his request, including his private life: do not try to reconstruct it.

Cite as: Blockchain technology, trade-offs, and helping launch Ethereum | Vinay Gupta | Conversations Clips, video, 2021-07-23, https://www.youtube.com/watch?v=-uCgpy-vKng; in Vinay Gupta's archive at guptaoption.com, source [680], https://guptaoption.com/texts/680.md.

Other speakers' passages are removed, so there can be gaps.

## Passages
[0:00](https://www.youtube.com/watch?v=-uCgpy-vKng&t=0s) what is blockchain and what is the technology around it for the uninitiated um so i've tried to explain blockchain in different ways over many many many years at this point of time and i finally come to the conclusion the best way to explain it is to talk about physics specifically the speed of light fantastic

[0:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=30s) um so it takes a signal about a seventh of a second to get around the world at the speed of light yes okay and a seventh of a second doesn't sound like very long um but it's long enough that if you're using some kind of naive software for doing like video conference people will continually talk over the end of each other's sentences and it makes speech really really stressful right and the reason you don't experience that when you're on a video call is because all the modern video calling clients stretch out the other person's video very very carefully so that you don't start talking until they've finished right and it's a whole bunch of under the hood software trickery to try and conceal that seventh of a second delay um but if you i mean i used video conferencing systems before that stuff really worked very well and it was constant chopping off the sentences because the seventh of a second in conversational time is much longer than you think you know you know it's quite a while it's quite a while right it's long enough that it will mess

[1:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=90s) things up um on the other hand a seventh of a second or modern computer transaction processing system um like a high frequency trading system will do 10 million transactions a second right so now a seventh of a second is more than a million transaction desynchronization yeah um and at that point you have a real problem right there's no way that we can synchronize the world's computers in a single agreed state of reality because the light speed delay makes it physically impossible to do that synchronization so if you've got a trading system in new york and i've got a trading system in beijing right and we connect these two trading systems the local trades they could do a hundred thousand local trades in the time that it takes us to synchronize our two computers to agree holland's wall yeah so we can't have the same things being traded on new york exchange in a beijing exchange and just synchronize them because the nature of the light speed delay gives huge advantage to the traders that are closer to the local hub absolutely um so how do we build a kind of integrated global system for solving problems or doing work in a position where we can't synchronize the computers and that problem we've we've got lots of approximate solutions to that different trade-offs one of the approximate solutions that has a particular set of trade-offs is blockchain so what blockchain does it says right we agree the speed of light delay thing is insoluble we're not going to attempt to do any kind of trickery around it we're not going to fudge it or do predictive trading or whatever we're going to do we're not going to do any of that what we're going to do is we're going to hold the transactions back and we're going to run them in 15 second batches ah yes right for bitcoin yeah for bitcoin it's 10 minutes right right for ethereum yep 10 minutes in a block for bitcoin 15 seconds in a block for ethereum but it's long enough that all the speed of light weirdness gets dealt with because everything talks to everything in that 15 seconds and then at the end of it you take the previous 15 seconds of activity you wrap it all up in a single unit and you publish it right that's what happened 15 seconds ago stamp then you do the next bunch of weirdness and all the transactions happen everything talks to everything then you synchronize it all in that 15 seconds then you say boom stamp that's what happened in the previous 15 seconds and these are the blocks in the blockchain yep and everybody sort of thinks that this is a choice right that the blockchain is one of a bunch of different things you can do that will solve that problem it's not a choice right the speed of light says the machines will not be

[4:00](https://www.youtube.com/watch?v=-uCgpy-vKng&t=240s) synchronized so if they're going to be interconnected you're going to have to quantize time time will have to be divided into lumps because we can't do it continuously because there is no continuously um and this was this was the standard explanation of blockchain like 2011 12 1314 right everybody would talk about the pac theorem and all the rest of that yeah pac theorem is just computer science's way of talking about the synchronization problems caused by the speed of light so when we stopped talking about the pac

[4:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=270s) Ethereum the whole speed of light explanation for why blockchain is necessary kind of dropped out of public discourse and what we were left with was a whole bunch of basically muppetry as people tried to describe why we were doing things that way without actually talking about why we were doing things right right we're doing things that way because engineering and science leave us without a choice right you either put all of the computers in the same place and you run them super fast because they're all on a you know kind of two and a half you know micro second long cable sure or you pack everything you know uh you unpack everything you spread around the world but you accept that there's going to be a 15 second mandatory minimum delay all right the blockchain the blockchain and then why is that different so for instance like in needing in general because for me the best way that i got into it was that i saw like after i read the white paper and i got into bitcoin a little early uh not early as everyone else but i bought one bitcoin for a present to myself on christmas for 200

[5:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=330s) so i was like okay you know a little little yeah not bad but my biggest thing was like the crypto anarchism against like the fed and all these other things but the biggest thing was when i s when i really clued in it was trust embedded into the system that we all are agreeing on x whatever that x valuable is so why is that kind of hugely needed especially like not just for the the speed of light but even just in terms of um people buying in you know like transparency accountability and trust yeah so i mean the place where you really see this is if you're buying or selling anything on the internet right um all the trading systems that we have basically push almost all the risk of buying things online onto the sellers right you buy something on amazon you don't like it they give you another one right right you buy something on ebay you don't like it they give you another one even with that very strong push from the sellers uh sorry from the ven from the the trading houses

[6:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=390s) to provide you with insurance it's still possible to get scammed on amazon it's still possible to expand on ebay for sure even with a system that tries to allocate all the risks to the sellers yeah right and that problem is much more profound than it looks because it's breaking her ability to work with second-hand markets and if we can't work efficiently with second-hand markets when you no longer want something it's gonna one or three places right it goes to a charity shop right it goes to another buyer or it goes into the trash right right right right right and given the enormous over consumption that we're doing the fact that we've got completely broken secondary markets because neither amazon or ebay provides the clean system you need to do the sales huge issues huge issues international trade right you want to buy something from brazil or belize or bolivia bad enough if you're trying to do it from america or europe right that's that's hard it's difficult there are imports that are terrorists there are duties that are payment that's right

[7:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=450s) all these hoops to jump through yeah but if you're trying to trade from brazil to belize right you've got terrible terrible bureaucracy on both sides and this is also breaking south south trade right south-south trade is way harder than north-south trade because in north-south trade you've got an efficient global system on one end and then you've got the kind of local bureaucracy on the other when you've got local bureaucracy on both ends practically impossible if you should if you are an account holder of you know a standard bank account in a second to your country wiring money backwards and forwards for america is practical yeah ish wiring money from other second-tier countries incredibly difficult and expensive right right so you know second-hand markets are broken south south trade is broken right um individuals right small business where you've just got a single person that wants to run some kind of enterprise international banking fees are enormous oh absolutely the bureaucracy around kyc

[8:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=510s) is enormous it's practically impossible to get through all the bureaucratic hoops to do international business unless you're quite large it's really difficult right so you know you can't get efficiency in the global system without working secondhand markets without working south south trade without the ability for individuals to trade globally right all of those are problems caused by a legacy financial architecture which was never designed to solve those problems the legacy financial architecture now here we're going to go this is going to be a little ralph right okay what was the legacy financial architecture designed to do just a mass capital i mean i'm assuming uh-huh but it's worse it's worse than that okay okay it's so much worse than that more cynical give it to me oh yeah right well i mean the legacy financial architecture was built during the golden age of colonialism oh of course of course right so exploitation

[9:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=570s) etc it's made for right invading a country setting up a banking infrastructure and then stealing everything which isn't nailed down right and that's what the banking system was made to do the banking system was there as the rail which ran right beside the gunboat diplomacy and right beside the banana republic right did you hear the term banana representation right i mean now it's getting thrown around way more in the united states than when i was growing up but you know literally countries where you know dole or one of the other fruit companies would team up with the cia and they would turn some place into a plantation yeah right flip over the local government install somebody that was friendly to the fruit company depress wages and kill the tariff structure and just root these places yeah i've read a book called from john perkins uh confessions of a new economic hitman and that was literally not just dole i mean they they got better and more efficient in their processes that like

[10:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=630s) basically they would go down to a country and just depending on what they had it would be either you know hey we're going to build all these malls and these markets and all these americanized things are the western things and then basically if uh once they knew that they were going to default on their loans they're like no problem no problem we don't need the capital actually but we're going to take care of resources and then we're going to install a military base here just so just so we're clear and then that's what happened you know and around the world um so then let's let's talk about the trade-offs then of blockchain because i know you mentioned like i don't want to get too much in that blockchain is the entire you know um magic pill that is going to fix everything but what are some of the trade-offs of blockchain well so let's talk about in terms of purpose yes okay perfect the our good friend the internet was basically designed for robust point-to-point communication yes right originally it was designed for keeping computers working during a nuclear war ambitious um but you know it became big because of email right you could send a message from one person to with

[11:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=690s) an email address to another person with the email address across the world for free anytime you like and it worked it's pretty reliable so think of that paradomatically point-to-point communication between the individuals which is free and reliable versus the legacy banking infrastructure which was intended to basically pump resources from poor countries to rich countries at gunpoint right right right yeah two different structures will work in two different ways well and this is a super controversial thing to say but we're largely over colonialism right yes there are a couple of billion people that are still being squeezed super hard by it but by the time you've got a country as large and powerful as china you know standing up and just being like you know you guys used to kind of squash us into a corner we're sort of done with that now yeah and well now we're going to start put boxing out and you know you guys kind of look like a bunch of ignorant children compared to us like we did one child family at the same time that you invented the suv which one of us should run the world in future right right and then now with the whole social credit system things like that yeah you know they're modernizing yeah right but i mean they're modernizing in a mode where and i cannot make this too clear you know the chinese power structure is four thousand years of continuous administration right right right right they haven't had a serious glitch in their ability to fill in forms and push government processes in four millennia right you know what was happening in europe for millennia ago right we're talking about barbarian tribes fighting over goats right and frankly europe was still barbarian tribes fighting over goats until like 1750 in scotland right you know we are not a civilization compared to the chinese we are you know if you if you want to zoom back and think of world history you know the barbarians that sacked rome

[13:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=810s) yes the golems the goals right that's us compared to the chinese right 4 000 years of continuous civilization you've got a military breakthrough in europe and america and the white folks become really good at war they turn up they suck india they sack china right the old cultures take a couple of centuries to recover from this and gradually they get back on their feet like okay we're not doing that again right but that is the relationship between the old cultures and europe and america right the european european and american business model is directly descended from the vikings right you know get on boats kill people and take their stuff yeah and just set up shop right that's the viking business that's exactly what the vikings did right right the vikings would come to trade and if there was nothing that you were able to sell them at a price they liked then they would move into raid mode right right and just take over and just take over and this was that that was how the vikings operated right vikings ran places as far away as

[14:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=870s) the south of spain because if you had a port the vikings would arrive on a boat armed come in install themselves as the government and then operate a trade network with the other vikings right and that structure rolls directly onto capitalism that's so interesting uninterrupted right right right and you know who who are the people that basically run that structure right it's the british the british were invaded by the vikings in 1066. yeah right the the royal conquest right the norman conquest conquest yeah i remember that date so the normans are vikings right right right right so the viking the vikings capture the british crown run britain britain as a viking vassal state where the vikings are the upper classes and the saxons of the lower classes right and that structure is directly exported onto the rest of the world we call it colonialism yeah blond-haired blue-eyed armed guys get off a boat and steal your stuff right and you have to zoom back a long way and gloss over all of the detail to get that you know it's a very blurry model of history but it's an accurate blurry model of history right so we're now in a position where none of the classic colonial powers have enough firepower to make that stick anymore right we're out of the colonial phase of history because the west is not strong enough to be colonial anymore lost in afghanistan lost in iraq you know pretty much all continues to lose actually 19 years in all of the military adventurism turns out to be disastrous because the the power gradient is no longer what it once was and once you begin to accept that the power gradient you know an m16 is not that different from an ak-47 right right an american kid from you know iowa or wisconsin is not that much different from some kid from you know iraq bordering kurdistan absolutely and it turns out when you put them in a city and you have them fight with each other the kill ratio is nothing like what it was in like 1870 when it was indians right you

[16:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=990s) see what i'm saying yeah yeah so the colonial business model was basically out of fight right but the legacy financial system is so hard bound by regulation right it's so baked in to establish norms and things like accounting practices and reporting practices and all the rest of that stuff the legacy financial system is basically unable to adapt to the end of colonialism right right all of that massive financial infrastructure which is designed to put capital into poor countries to run an extractive economy none of that stuff is required anymore right right the balance of power has shifted you're beginning to see a global economy which is vastly less unfair than it was which is not the same thing as saying that it's fair right it used to be so much worse than this and so moving on from bitcoin um in 2015 you helped coordinate uh ethereum which is another cryptocurrency uh to the evaluate or the launch and it was valued at 70 you know billion dollars so can you talk about that experience and then thoughts on ethereum now i know that material we're going to talk about that that's based on the ethereum protocol but what was that kind of experience like for the last you know seven years um so i i've been kind of patterning around the corners of kind of defense academia disaster relief infrastructure charities you know water sanitation kind of space for many years at that point and uh i was going broke right the economy was going to hell all the niches i'd been occupying were kind of drying up the work just wasn't coming in um and i felt like you know i should go get a job in tech right you know i'm a programmer i'm an architect i can do this stuff right i've been watching bitcoin very carefully but i knew that currency alone wasn't enough we needed the rest of the financial infrastructure we needed the ability to build other financial instruments we needed the ability to build structure and you can't do that with just a payment rail right uh and then i heard hear the term smart contracts

[18:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=1110s) coming up again and smart contracts were like the high watermark of cryptography in the first wave right it was like oh yes one day there will be a smart contract and so i hear this and i'm like okay that's my ship so i go over and i'm just like hey i can do stuff what do you need and there was a decision about was i going to go on the technical side or was i going to go on the comm side yes yes yes could have gone either way did i want to be a programmer do i want to be doing comms so the comms team was in london and i was already in london and the tech was in berlin so i decided i was going to stay in london do the comms thing and the comms thing was really building on top of a whole bunch of experience that i'd had about trying to communicate complex systems stuff to our general public so i get well dug in on the calm side of ethereum spend a bunch of time on that and then as we get closer to launch you know there's this sense of like um yeah we also need some kind of project management pairs of hands and i was probably 15 or 20 years older than almost everybody on

[19:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=1170s) the team oh young vitalik was about 23. uh fidel was like 20. okay even even younger i mean he's like 23 now he was young um i know what the other people were too so you know that's not a bad position to be doing project management from right because you've seen a lot of stuff go wrong over the years and you tend to flap less um so i just kind of sat in the middle of it and just held together some of the processes and just helped the thing along and then we watched and then not much happened for a year um i went to ConsenSys in new york worked for joel for a while and then ether went through the freaking roof oh yeah um and i had taken legal advice at the doubt crisis so i'm like okay i don't really understand what just happened there but i have a bad feeling about this and i sat down with some lawyers and wondered and they said fine have you heard a thing called securities fraud and i'm like

[20:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=1230s) pardon they're like you're basically acting as one of the front men for something that has just released an unlicensed security to people including the american public you kind of have two choices here you could you know at least you weren't there for the crowd sale right you joined after the crowd sale was over yeah that's right well that will help but you can't be in a position where you're going to massively profit from this at the same time as you're selling it to people uh of course the contract of interest conflict of interest right so you can either divest or you can move to jurisdiction without an extradition treaty and i'm like you what that's gonna cost me tens of millions of dollars these are your choices um so i divested yeah really early on in the process and that decision directly leads to material right because you know i was probably the only person in that game other than people like lubin who had come out of the financial services industry they even understood that what we were doing might be of interest to regulators

[21:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=1290s) right right and the people that were really old school financial services types were like you know new financial products always break the law and as long as it doesn't turn out to be fraud what happens is that the regulators will come along and grandfather in like yeah yeah okay fine we've got to update the law right right it's good enough for the rest of the people always used to they were always used to taking that risk because it turns out in financial services all the money is made doing things which are currently illegal and then you either go to jail or the regulators say actually that wasn't fraudulent and we need to update the regulations because that's just business right right um but i looked at the situation was just like you know i've seen several ranks of the crypto wars we've lost every round i'm not going to stick my neck out on that chopping block this time not even for tens of millions of dollars and with hindsight was that the right thing to do probably not at least financially i mean with ethereums but we'll see what happens after the sec works its way

[22:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=1350s) through the ico of crowds very true you know it's it's a very tricky frontier right because most of my co-workers walked out set for life right and i walked out with enough money to start a company yeah right and that trade-off and the positioning relative to the regulators and the balancing of it you know it's that thing where i'm looking for a very specific shade of meaning here um having seen the crypto revolution crash and burn a couple of times i wanted to be in a position where i could walk out of the wreckage and not be screwed a little resiliency right yeah and depending on which way the regime in washington decides that they're going to shut down and i stress that very strongly depending on what way the regime in washington decides they're going to shut down the anonymous financial system will affect whether or not the people that walked out of these systems with a

[23:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=1410s) lot of money keep it or wind up having to return it to the original investors right right because there's no way that the security bureaucracy in washington is going to allow a parallel anonymous financial system to run alongside of the real financial system right right this is back to this question of like hey it's like email for money versus hey we're going to tear down the state if you announce that you're going to tear down the state and then you fail to tear down the state the state will tear you down absolutely and that's where all this stuff is right all that stuff about you know zuckerberg getting her whacked on the nose and told to hand over the keys to washington exactly the same keys are protecting your messaging that washington wants facebook to hand over those are also the keys that are protecting your bitcoin yeah so it's only a matter of time until washington comes from the bitcoin keys as well right and you know this is the hard hard hard truth which is that if you announce your revolutionaries and then you fail you will get squash yeah and what i mean because you

[24:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=1470s) basically draw attention to yourself you've set the table states yes yeah right you know like we're we're in to win it right it's war well okay fine right um and so you know we're at risk of losing so much of the technological progress that's been made in these domains because of this you know shallow libertarian unranked crap right right you know like we do need a way of synchronizing the world's computers or we cannot do south south trade we can't build efficient second-hand markets right we we can't make the internet carry financial services stuff unless we figure out how to do this stuff properly right but because of this you know anti-state oppositional positioning that was so much of the early branding of bitcoin you know of course the feds will eventually take notice of that sure um so i kind of feel like what i'm doing right now is fighting a bit of a rear guard action to try and cleanly separate out the real

[25:30](https://www.youtube.com/watch?v=-uCgpy-vKng&t=1530s) utility of these technologies from the naive political branding around them you know i'm really here just working a chisel along that line um because a global blockchain solution for carmen management it's all the same technologies right it solves an enormous global problem that cannot be solved with existing financial architecture right and it's a very blockchain shaped problem right so i can easily imagine that 15 years from now half of the global economy runs on a carbon accounting system that runs on a thing which looks like a blockchain right i can easily see that from here but the original libertarian vision of bitcoin has to die to make room for something that actually works

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End of [680] Blockchain technology, trade-offs, and helping launch Ethereum | Vinay Gupta | Conversations Clips. Its connections are at the top of this file; the map is https://guptaoption.com/llms.txt.
Read next: next on the same works, [768](https://guptaoption.com/texts/768.md) #03 - Vinay Gupta : History of Money, Foundations of... (2021); the most closely related, [679](https://guptaoption.com/texts/679.md) FutureRant - Vinay Gupta Pt 4/4 - "Cypherpunk to Cyberpunk" (2016); his whole career in one file, https://guptaoption.com/story.md.