Ben Horowitz explains the rise of crypto

What if, instead of relying on an fallible centralized authority to assure us of who has what, we rely on distributed authority that isn’t controlled by a single party? What if our money has value, not because we trust the power of a government to back it, but because we trust the power of math?

In the past decade and a half the institutions that people were told had their best intentions at heart have failed them, and the cypherpunk ethos of distrust of institutions and prioritisation of personal liberty has become a compelling story. The appeal of cryptocurrencies is the promise of the creation of new institutions that are resilient and

... See more

Katie: It's a great question. We're seeing that the middle class suffers in traditional institutional settings. Crypto democratizes participation. Investigative reporting is an area where crypto can help - we've seen crypto crowdfunds take off.