Impact

Unlike most people, I believe that blockchain technology is far more important to society than AI. Don’t get me wrong—I’m not saying that AI isn’t important. But here’s a useful way to think about it: if AI were a new computer chip that’s 10x faster than the previous generation (allowing us to do all sorts of incredibly cool shit), blockchain technology in this analogy would be a discovery in semiconductor properties that enables us to reinvent CPUs from the ground up.

In other words, blockchain technology is a deeper advancement in our technological stack; it represents a change in what we can do with money, a fundamental building block of complex societies.

But because this change is so profound, it takes time for people to understand its implications, and even longer to apply the tech in ways that significantly impact people's lives. Almost 16 years after the first block was mined and we have barely begun this process.

Absolutely, blockchain technology indeed has the potential to revolutionize various aspects of society, including finance, supply chain, and data management. Its impact may not be as immediately visible as AI, but the long-term implications are immense. It's like laying down a strong foundation for future technological innovations to build upon. Exciting times ahead!