It’s still really early, a lot of things are broken at the moment and there is a lot of speculation. But the promise is that, instead of uploading a file to Instagram servers and having it controlled by Facebook, you have it secured by your private key. And you can program its economics since you are the one who owns it and sets the rules.

I do not think it is hyperbole to say the internet is the most important invention of the last 100 years, and very likely might be the most important invention of the next 100 years. It is currently about to be controlled by five companies, and they make all the money and have all the power. I believe we need countervailing technologies that allow... See more