Biggest innovation since the Internet ⛓

AngelList co-founder Naval Ravikant sat down with Ethereum creator Vitalik Buterin at Disrupt SF. The topic of conversation was cryptocurrencies and blockchains. Key takeaway: Blockchains are the biggest technological breakthrough since the Internet.

What is a Blockchain?

Vitalik defines it is as "a decentralized system that contains some kind of shared memory." It's a public ledger showing all the transactions of the cryptocurrency. Here's a visual demonstration.

“The internet is programmable information. The blockchain is programmable scarcity.” – Balaji Srinivasan

Blockchains are the Internet protocols for allocating scarce resources. Today, you can use all the server power you want by paying AWS. In the future, you'll use a decentralized network for digital storage where people can rent out their spare capacity in exchange for a digital token payment.

Over time, we may even see solar grids, electric grids, self-driving car grids, and other decentralized networks in the real-world that will be controlled and administered by blockchain without human intervention.

Crypto Products You Can Use Today

• Blockstack is creating a gateway to a new, decentralized internet
• Toshi is Coinbase's mobile browser for the Ethereum network
• 21.co replaces your public email with an inbox that pays you
• Lionshare: Crypto price & portfolio tracker for Mac
• Game of Coins: A virtual cryptocurrency trading game

P.S. Check out Cryptominded and WTF is Ethereum to learn more about the space.

Crypto Projects You’ll Love

You prompt your LLMs, why not your speech-to-text?

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Unlike traditional ASR, Universal-3 Pro lets developers guide accuracy with prompts, combining the reliability of speech recognition with the controllability of LLMs—so you’re not stuck fixing transcripts after the fact.

AssemblyAI is opening free access throughout February, and the Product Hunt community is among the first to try what promptable ASR can do.

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