Crypto Probably the Biggest Innovation since the Original internet and Iphone – Naval Ravikant
Naval Ravikant studied computer science and economics at Dartmouth. He is the co-founder of AngeList, AngelList is a U.S. website for startups, angel investors, and job-seekers looking to work at startups.
He later co-founded Epinions – a consumer review site, and Vast – a classified-ad marketplace.
Naval who is also a crypto currency optimist who since entered the blockchain space with companies like Metastable Capital, CoinList, and more. He was with Crystal Lee a presenter at a “Beyond Blockchain” interviewing series programme sponsored by Blockstreet HQ.
Naval spoke about how fast the blockchain technology has grown over time and how many people have find something unique about the blockchain technology especially software engineers. He further said he expect crypto to be biggest advancement of time even bigger than the original internet and Apple IPhone.
Frankly there is so much innovation going now. the smartest of engineers i know in software’s are all kind of gravitationally attracted to crypto, But i think crypto before all said and done, is going to turn out to have being probably the biggest thing since the original internet and since the iPhone.
Naval was quick to share his view on ICO’s what he thinks about it, what it is and how it’s ought to be done. Speaking with Crystal Lee he said;
“ICO’s will not be possible without the JOBS Act, people don’t realize that.”
The Jumpstart Our Business Startups Act, or JOBS Act, is a law intended to encourage funding of small businesses in the United States by easing many of the country’s securities regulations. It passed with bipartisan support, and was signed into law by President Barack Obama on April 5, 2012. Title III, also known as the CROWDFUND Act, has drawn the most public attention because it creates a way for companies to use crowdfunding to issue securities, something that was not previously permitte. Wiki
“There are multiple provisions without which ICO’s would have been completely illegal and shut down in day one.” Talking about the Jobs act rules or provisions one of which he stated;
“The simplest one is general solicitation; you are not allowed to basically tell the world you raising money. You will just shut down just for that.”
He did further talks about how he hopes to see crypto currency be the currency of the world in the near future.