Cryptocurrencies and blockchain technologies have received
the support of many influential people in the world of
finance and technology despite the current bearish crisis that
markets have suffered during 2018.
One of the latest personalities to join the list of those
attracted to this type of technology is Eric Schmidt, the
multimillionaire former president of Google, who remarked in
an interview that Ethereum is so powerful that it could be
the beginning of a technological revolution that changes the
way modern society does business.
Blockchain: Socially Overrated, Technologically
Underrated
Speaking in a podcast hosted by famous economist Tyler
Cowen, Schmidt shared his impressions regarding an extensive
repertoire of topics, however, when talking about blockchain
technologies, his intervention, though brief, was quite
optimistic.
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Tyler asked Schmidt for his opinion on the various
technologies. Schmidt had to say whether they are overvalued
or undervalued. When it was his turn to talk about the
blockchain, Schmidt said:
“In the public format [it is] overrated. In its technical
use [it is] underrated”.
This view has been shared by an important number of
investors, who recognize the value of technologies but
criticize the “miraculous” conception that many have of
blockchain technologies.
Schmidt: A Big Believer in Ethereum
Schmidt is of the group that believes that although the public
tends to overestimate the current influence of technologies,
actually they are full of potential:
He went on to explain that blockchain currently has
fascinating uses in the financial sphere; however, he was
especially emphatic in highlighting the potential of Ethereum
as the “most obvious example” of what blockchain
technologies can achieve:
“[Blockchain is] a great platform for private banking,
banking transactions where people don’t trust each
other.
I think the most interesting stud that’s going on are
the beginning of execution on top of blockchain; the most
obvious example being the capability of Ethereum: If
Ethereum can manage to figure out a way to do global
synchronization of that activity, that’s a pretty
powerful platform. That’s a really new invention.”
According to a transcript of a conversation available on
Wikileaks , Mr. Schmidt learned about Bitcoin from a
conversation with Julian Assange in 2011.
the support of many influential people in the world of
finance and technology despite the current bearish crisis that
markets have suffered during 2018.
One of the latest personalities to join the list of those
attracted to this type of technology is Eric Schmidt, the
multimillionaire former president of Google, who remarked in
an interview that Ethereum is so powerful that it could be
the beginning of a technological revolution that changes the
way modern society does business.
Blockchain: Socially Overrated, Technologically
Underrated
Speaking in a podcast hosted by famous economist Tyler
Cowen, Schmidt shared his impressions regarding an extensive
repertoire of topics, however, when talking about blockchain
technologies, his intervention, though brief, was quite
optimistic.
Ads by Coinzilla
Tyler asked Schmidt for his opinion on the various
technologies. Schmidt had to say whether they are overvalued
or undervalued. When it was his turn to talk about the
blockchain, Schmidt said:
“In the public format [it is] overrated. In its technical
use [it is] underrated”.
This view has been shared by an important number of
investors, who recognize the value of technologies but
criticize the “miraculous” conception that many have of
blockchain technologies.
Schmidt: A Big Believer in Ethereum
Schmidt is of the group that believes that although the public
tends to overestimate the current influence of technologies,
actually they are full of potential:
He went on to explain that blockchain currently has
fascinating uses in the financial sphere; however, he was
especially emphatic in highlighting the potential of Ethereum
as the “most obvious example” of what blockchain
technologies can achieve:
“[Blockchain is] a great platform for private banking,
banking transactions where people don’t trust each
other.
I think the most interesting stud that’s going on are
the beginning of execution on top of blockchain; the most
obvious example being the capability of Ethereum: If
Ethereum can manage to figure out a way to do global
synchronization of that activity, that’s a pretty
powerful platform. That’s a really new invention.”
According to a transcript of a conversation available on
Wikileaks , Mr. Schmidt learned about Bitcoin from a
conversation with Julian Assange in 2011.
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