I saw a role for me in helping explain it and mit media lab bitcoin the story around it. We sat down with him to talk about his move. How is the book doing? Tell us a little about what happened after publication? The book has done well. But I would say the most important impact the book has had has been to start a conversation around bitcoin and digital currencies in the general public.
Lots of people in the know told us they were giving our book to people who knew nothing of the topic as a way to mit media lab bitcoin them not only mit media lab bitcoin the concept but mit media lab bitcoin come to terms with why it matters. I was also struck by the breadth of interest from different sectors of society.
This was just too exciting an opportunity to pass up. I sincerely believe that this is one of those moments in which a new technological platform has the potential to facilitate explosive change. But this was a unique chance.
Much of what I will do will involve communicating, both to get the broader message out and to act as a liaison between the future consumers of this technology and those who are developing it, such as the grad students at MIT. But clearly, this is a big change: Why is MIT interested in cryptocurrency? In my mind, cryptocurrency technology is a new form of governance; that opens up a wealth of possibilities — from making money and payments more efficient to creating powerful new forms of record-keeping, from enabling service-sharing services such as car rides to facilitating smart contracts between online appliances in the forthcoming Internet of Things.
For MIT, those possibilities mean there are vast opportunities for grad students and staff to develop new ideas and come up viable products. What will you do at MIT? What are your plans? The idea is to incubate projects and products that mit media lab bitcoin have a positive impact on the world. This is the idea that people in such countries who until now have been held back by shoddy record-keeping and a lack of executable title to their property could, with a system like this, create legal collateral against which they could borrow, mit media lab bitcoin out insurance and generally access the financial system that we all take for granted.
I do think bitcoin will survive. It has made it this far, after all. And it clearly has a big first-mover advantage. I think we will see all sorts of blockchain models arise, some decentralized, others less so.
You moved from the WSJ to academia. How will your role change? How many bitcoin do you own?
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