Raoul Pal & Vitalik Buterin: Building the Value Exchange Layer of the Internet

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Every civilization has developed a type of money as a kind of ledger of value. Instead of hauling a cow to trade for other goods, societies developed fungible money, like gold or some other precious commodity, and paper money. Cryptocurrencies are perhaps the most sophisticated ledger of value ever developed in the history of the world. What is the definition of the value exchange layer of the Internet? How does the transfer of value work in decentralizing economies? How do Web and the finance industry converge? What transformation will it bring to institutions and individuals? Starts at 8:55 AM SGT (7:55 PM ET).

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