When you get into Bitcoin, you fall down a rabbit hole, says Peter Smith, CEO of Blockchain, speaking at WIRED Money 2015. You start talking about Bitcoin all the time at social events to other obsessives and to your significant other. “What happens in a few years is that you have no significant others,” he jokes, which gives the obsessives more time to work on Bitcoin.
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If anyone would know about the Bitcoin rabbit hole, it’s Smith, who is at the helm of one of the few original Bitcoin companies. He is therefore the perfect person to break it down. “Really at its core, Bitcoin is just an open access database that anyone can write to,” he says. You can’t go back in time and the beauty of this is that you can know at what point in time who was responsible for something — it can’t be changed in the future.
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Blockchain CEO Peter Smith on falling down the bitcoin rabbit hole | WIRED