the crypto currency.
joe lubin joins us at post nine.
good to have you
for those who don't know, you
want to explain ethereum and how
it fits in the crypto kerr aengs
universe
>> 2008, they invented three
things, one was the bitcoin
application, the money, the
payment cystment, store value.
that application was the first
application built on the second
invention, the block chain, the
block chain is a shared trust
worthy infrastructure that lots
of different actors can use and
be certain that no minority set
of actors can cheat the system,
basically.
the third is cryptoeconomics,
which marries the first two.
it enables incentivization of a
whole lot of people to run these
systems.
enables a system like bitcoin to
be of the people, by the people,
for the people
so ethereum took that second
invention, the block chain, the
trustful infrastructure, and
enabled software developers to