Balaji on Tokens, Blockchain, Cryptocurrencies & Investment Implications

Balaji S. Srinivasan CEO and Cofounder of 21.co talks about tokens, blockchain, cryptocurrencies & investment implications on Eric Jackson PodCast.

My main take away are:

• anything of scarcity (physical like metals and commodities, financial like stocks and bonds, virtual like membership, attention, and vote, and maybe even people's career path) can be tokenized
• once done, cryptographic tokens enable everybody to become an "investor" without space, time and financial limitations (just like Internet allows anyone to be come a journalist).
• everyone from anger to VC, from private to public invest in the same forms of assets (just like packet switching technology turns any forms of information into packets)
• ico and token launch is the final step in rapid decentralization of power and concentration of technology away outside of Silicon Valley and Wall Street
• regulation needs to catch up in order for these to happen

Enjoy!