Jack’s favorite word of the night was Blockchain. He referenced the subject on numerous occasions and spoke to it’s ability to ensure trust around financial transactions and decentralize power in the financial industry. In particular he spoke to Bitcoin and the role it plays in our society. He observed that Bitcoin hadn’t become a mainstream method of payment due to it’s deflationary nature. Jack argued that it actually encourages people to spend less, and that most people actually treat it in a way similar to that of gold.