A New Paradigm for Trust with entrepreneur Yat Siu | A Bit of Optimism

14 Nov 2023 · 1 min

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An interview excerpt in which the speaker argues that technology both causes and can solve societal problems, and that widespread loss of trust in information requires technical solutions. The speaker asserts blockchain (consensus-based systems) can reintroduce trust by providing immutable ownership (e.g., of Bitcoin and digital assets) and concludes that Web3 is critical for the future.

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I feel that for every problem technology creates, technology also has a solution. At the end of the day, we live in a world where we have lost trust in almost everything. We don't actually know what's true anymore because we cannot actually process the information at the speed in which it's coming at us. So this is, to me, where blockchain technology will come and help us to basically give us, at least in the consensus based system, a way in which we can now trust that, oh, you own this Bitcoin and you own this asset, it's immutable. So I feel like blockchain will help solve these issues for us, and that's basically why Web3 is so critical to our future.