…ople who deeply understand its inner workings (and we don’t consider ourselves part of that group). The blockchain is not a simple solution that will fix everything that is wrong with today’s credentials. But it does offer some possibilities for improving the system we have today–and that’s what we are excited to explore.
…he internet as a whole: that’s a clear example of something we want in a permanent public database. We’d also like it if governments didn’t keep editing those public records and taking domains offline based on their local laws: if the internet is a global public good, it’s annoying to have governments constantly poking holes in it by censoring things they don’t like.
But when the protocol gambit works, what’s created is huge genuine wealth — not money, but actual wealth — as the world is improved by things that just work together nicely. Of course, SOAP and JSON-RPC and all the rest aspire to support the formation of protocols, or even to be protocols, but the definitional semantics of each field of endeavor tend to create an inherent complexity which leads back towards hub and spoke or other models.