While most people at the time were focused on its viability as a currency (and many still are), the smart folks were a lot more interested in what its underlying blockchain tech might mean for future business models.
As much as we criticize the current system, we work hard to succeed to acquire the status it unlocks. Status is one of the main reasons why degrees from a handful of selective top-branded universities, which are only accessible after students have gone through at least 12 years of the factory-model education, still attract the majority of the... See more
But this is less of a systemic problem than in the past, because the web has massively eroded the power of gatekeepers to suppress and control speech. I was among the first to recognize this potential for individual freedom of speech, and helped pioneer individual online media, specifically blogging, 20 years ago.
The state of online learning:
1) YouTube will eat the low-end of the market.
2) People will pay 5-15x more for live courses.
3) The three biggest competitive advantages are the personality of a creator, the warmth of the community, and the quality of the student... See more
We have top-end universities, yes, but with the capacity to teach only a microscopic percentage of the 4 million new 18-year-olds in the U.S. each year, or the 120 million new 18-year-olds in the world each year.