why should we give a monopolistic power to
something like Google–
We shouldn’t have.
It was the flaw of the internet.
And I think people now are starting to recognize
that in lots of ways.
Lonnie– I can’t remember his last name.
This year’s Ted, the opening talk was this
guy Lonnie, whose name I can’t remember.
He’s this big, wonderfully thought of technologist.
And he gave this whole speech about, listen,
there was one mistake where people went with
the advertising model, which created these.
He was arguing they should go back and change.
But we have these unbelievable data silos.
And I think it’s why it’s created all the
We look at all the wealth of the internet
has gone into literally seven or eight companies.
So Tim Burns is at least talking about something
like this now as well.
Have you seen that?
I haven’t seen his thing.
So he’s been talking about some way of retooling
a web 3.0 to get rid of this– the fact that
the data is owned by people.
Every time I see him talk about it, I just
think this has got blockchain written all
over it.
That’s the promise of the blockchain.
And that’s literally the future of the blockchain.
But most people don’t get that.
Most people still think it was a financial
And so it’s interesting– the evolution especially
of big companies.
We have this index with Bloomberg, the Bloomberg
Galaxy Crypto Index, which we’re proud of.
We think it’s a wonderful addition to the
architecture of the space.
Our young guys and their young guys got all
It kind of moved up the food chain.
And it got stalled at the management committee
level, because older guys think, North Korea,
Silk Road, money laundering, Bitcoin.
And to their credit, with a little encouragement,
listen to the young guys.
Just listen.
Listen to the story.
And when they listened to the story, it got
Over I think it was one third of their terminals,
or something close to one of their terminals,
had asked for more information on crypto.
So there’s this desire for people to understand
this thing.
And so here’s a conservative media company–
one of the best in the financial market space,
if not the best– that thought about it, debated
it, listened to the story, and actually approved
And I’m seeing that at almost every big company
I visit.
Where a year ago, they were like, what, can
you explain this.
Now when I go there, they’re asking really
pointed questions.
Sometimes, I’m just listening and taking notes.
And they’re all much closer to implementation
of something.