I don't know if you do, but I don't get to speak to inventors of Blockchain very often.
Scott Stornetta is the co-author of three out of eight works referenced in the original Bitcoin whitepaper. Initially, Scott's strong view on the need to create immutable records led him to work with cryptographer Stuart Haber and together invent the very first Blockchain.
My conversation with Scott was eye-opening on the original idea behind Blockchain, social and technological developments leading to Bitcoin and today's world of web 3.0:
- Transformation from a theoretical physicist to Blockchain inventor: if you care deeply about a problem, you can train yourself to learn the skills
- Bitcoin's success versus previous cryptocurrency attempts:
-- gradual build-up of the movement to break existing social and financial structures,
-- significant increase in compute power,
-- amount of bandwidth available to enable peer-to-peer communication, and of course
-- the clever incentive mechanism behind Bitcoin
- NFTs are much more than a passing fad: it enables all assets to be traded and managed from the Blockchain
- Scalability problem: it will follow as we solve consumers' (both individuals and enterprise) needs (e.g. processing transactions faster, storing their identity more secure and more portable)
- Biggest catalyst for mass adoption: user experience that equates having a crypto wallet as stable, secure and as low-risk as having a bank account
- Is he Satoshi?: No, unfortunately he is not:)
- Curious about: quantum computing (who wants to be the Satoshi of quantum space?)
Please enjoy my conversation with Scott Stornetta.