Key take way from the Truth Machine, Michael J.Casey

• Blockchains are decentralized ledger systems
• trust is a vital social resource, the truth lubricant of human interaction
• human social organization comes from our ability to craft meaningful stories that we all believe, Yuval Noah Harrari
• Engineering talent is still in severe shortage

Three great power centers in US

• Technology, Silicon Valley
• Finance, New York
• Government, Washington

Use cases

• Refugees are thrust into statelessness. Easy for criminal exploitation
• Removing the central silos such Uber, Facebook and Twitter and replacing them with
• barter trade, double entry
• Support the scaling internet of things while avoiding one central controlling big brother
• Self-sovereign identity
  • priorly done by government,
  • now done by Facebook Google and Twitter

Types of blockchains

• private permissioned block chain to protect sensitive information
  • gate keeping prone to monopolies and oligopolies
• permissionless block chain where management of data is done by individual themselves

Most popular chains

• Ethereum
• BitCoint

Moon shot scenario

• Technology has freed humans from work
• Human free to focus on creativity instead of the drudgery of work
• Getting paid for creativity instead of it being captured by Facebook