"Once you understand the blockchain, you wonder why no one thought of it before"

In the latter half of the 20th century the refined application of steel-reinforced concrete was the liberating force that unleashed architects from what, since the time of the pyramids, had essentially been the business of resting one stone on top of another.

 

Today, cryptography is playing that liberating role. And just like the modernist pioneers of concrete, bitcoin's anonymous creator Satoshi Nakamoto took a technology that had been lying around for some time and applied it in a bold new way. The result was bitcoin and its accompanying information store the blockchain.

 

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