I spent a lot of time in Europe. I spent a lot of time in United States, I know what is modern standards of life... and always, if I return to my home country, I ask my country why very simple things that works everywhere else in the world doesn't work in Ukraine.

Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.

I think people don't realise that running a piece of code that verifies some conditions for a financial transaction, that by itself is a lot less work than verifying a cryptographic signature, and so even if the virtual machine is inefficient, the cryptographic signature is still going to dominate.

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