Illia Polosukhin

they end up actually having this root of trust problem, right?

Like somewhere somebody needs to carry the keys for how things are upgraded, for how identity is managed, for, you know, who is able to do what things.

Like there's somewhere needs to be root of trust for the whole infrastructure that's built, right?

Let's say you do enter encryption, you do zero-day retention, you do all those pieces, right?

Blockchain is really that route of trust, right?

That's where you can have a global kind of registry of identities.

You can have the kind of marketplaces, you can have the money, you can have all those pieces, but importantly, you can have upgradability, which is kind of governed by the whole protocol, right?

And I think that is the biggest piece that, like, in the pursuit of killing DAOs, right, we kind of forgot...

that that's actually a very valuable component of this protocol's

The example I would use is TCP IP.

So TCP IP, original protocol, I'm going to mess up the year.

But the IPv6, the new version of the IPv4, the protocol itself is from 98 or something.

We're still adopting it.

We're still trying to roll it out.

It takes so long to get everyone to adopt a new protocol.

What blockchain actually created is, again, consensus for everyone to upgrade to a new version, to upgrade smart contracts, to upgrade all those pieces.

And so I think that's a really important part is like, let's say you want to upgrade...

everyone to a new version of something right now to distribute that to get everybody to, like you either need a centralized company that effectively controls the key.

And so let's say Microsoft decides to upgrade everyone to Windows 11, Windows whatever, 15, they can do it.

They would have no say in it, right?