The foundation of the internet was built wrong, and then we just kept building on top of it.

But the problem is when the foundation of a system is wrong, meaning it's insecure,

and the way that it was constructed, it'll never be secured. The internet is essentially broken.

What the blockchain is doing is it's going to bring and create the secure data transport protocol.

And so the internet is only fulfilling one small part of its potential.

I haven't wanted to respect your time because you're a super busy guy.

I got back into LA this morning.

The guy was like, we were supposed to meet up on Friday, and it was like,

we might have to helicopter him in and not at all. I was like, all right, let's just

let's put it off to today. So for people not familiar completely with cryptocurrency,

blockchain, Bitcoin, in one sentence, if I have to explain to somebody what Bitcoin and cryptocurrency

is, what do you say to them in a one or two sentences? Well, I mean, the funny answer is it's

magic internet money. But there you go, magic internet money. But I know it represents

something far greater than that. And that is that it's a monetary system that is based on math

and cryptography. And so, and it's open source and it's transparent. So it's covered on a pure-to-peer

basis. So it's a system that can't be corrupted. It can't be cheated. It's a system kind of for

the people. Do you think big picture there is a potential that Bitcoin, cryptocurrencies,

blockchain will take down the Federal Reserve, US dollars, pounds, euros. Can you see that in a

world in 20 years? I know, I think that there's uses for both. And what Bitcoin is isn't a currency,

it's not a transactional currency, it's far too expensive to do transactions. What it is is it's

a store of value. Meaning, you're better off thinking of it as gold 2.0 or digital gold. And

when you think about it from that perspective, you have to ask yourself about the history of money.

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