/biz/ - Business & Finance

>>52729924
>This is the fundamental transition that I and many of the people in our industry believe will happen for the rest of the world. And the factors for this transition to occur are at all time highs. So if you look at the amount of faith that people have in news systems, whether they’re search engines, news sites or social media, you’ll see that that is an all time low. So basically the news, social media and even search engines are becoming trusted less and less to provide reliable information. If you look at peoples faith and the sentiment around all financial brands, even some of the biggest ones in the world, you’l see that that is also at an all time low. This is the environment in which cryptographic guarantees become extremely useful and valuable, because cryptographic guarantees are how you get out of a world where you have to rely on peoples word, and a brand that says it will follow through, even though it doesn’t have to follow through. So the same scenario that we saw in messaging, where diminishing amount of trust in the brands and institutions that created messaging being at an all time low, leading to the adoption of cryptographic guarantees in the form of end-to-end encrypted messaging is now playing out again for information and for financial system. That is what this industry is about, that is what this conference is about, that is what all of our work here together really is about, is it’s about giving people this cryptographically guaranteed alternative.