Larry King Talks Cryptocurrency with Entrepreneurs at Blockchain Futurist Conference
Larry King Discusses Blockchain with Entrepreneurs
Larry King spoke at the 2018 Futurist Conference that took place in Toronto and presented his thoughts concerning the budding technology. The panel featured four other panelists, such as some of the industry’s biggest professionals. The panelists included Hoskinson, founder of Cardano Blockchain and co-founder of Ethereum; Roszak, co-founder and chairman of blockchain development enterprise Bloq; Burio, founder of enterprise blockchain DigitalBits; and Wu, a Gear blockchain advisor and influencer.
During a panel discussion entitled “Mass Influence and Adoption of Blockchain Technology, he shared his personal feelings on the technology’s immensity and saw it as just one of many whose growth he has had the opportunity to oversee. During his 61 years in the media, he experience the development of the radio, television, and the internet. As he stated,
“Look what’s happened in this world we live in, it’s beyond belief to see such technological advances.”
Larry King continued onto the discussion by posing the question of “what is blockchain?” Hoskinson answered and expressed that it is a natural continuation of the internet. He discussed its emergence and spoke of the corruptible nature of centralized financial systems, going onto say,
“ . . . whoever controls this system is going to be too big to fail and will cause other problems so blockchain looked to decentralize and have everybody control it.”
“[the ability] to exchange value, in a peer-to-peer manner, between two people who may or may not know each other, sitting at opposite ends of the world, and for that to happen in a matter of seconds or minutes, is just fascinating.”
Larry King then questioned Wu on the effects of blockchain on the environment while also suggesting that the technology is helping to mitigate negative environmental impact. Wu expressed the need to provide more sustainable and green energy solutions to promote the industry’s development, rather than to limit its growth. His belief is that going forward, blockchain can eventually positively influence the environment.
Roszak added his views and pointed out that the technology has life-changing effects for unbanked citizens over the world. He also expressed that the open-source and permission-less nature of the technology can improve third-world conditions and emerging economies. Burgio added that blockchain provides groundbreaking methods for capital creation and it can help accelerate the adoption of technology. In his own words,
“[there is substantially more capital] now being invested in all things blockchain.”
King then asked Roszak how far we are, realistically, of this being a culture similar to iPhone. Roszak answered,
“In about a decades time you’re going to be in front of your board seeing that the center of what you do, how you make money, is free. Today it’s speculative narrative, and I think that overshadows all the work that’s being done by people building these systems.”
King closed the discussion by stating,
“[Keep thinking about tomorrow], don’t laugh as the inventor, [at the guy who comes forward with the new idea. It’s those guys who change the world. The innovators, the movers, the shakers].”