De Soto, an advisor to 20 nations on economic policy and president of the Institute of Liberty and Democracy, basically lays out the fundamental reason capitalism works, where it works and why it has never rooted in "the other" countries that are home to 4 billion people. He offers recommendations about how to unlock the potential of those people.
With Michael Casey, a Wall Street Journal reporter and co-author of the book "The Age of Cryptocurrency," I was awakened to the idea that de Soto's ideas could be implemented in a very low friction, easy scalable form on the block chain, which is the underlying technology behind bitcoin.
So I decided to do something about it with George Kikvadze, the vice chairman of BitFury. So, we organized a summit in May of this year with Sir Richard Branson and de Soto on Branson's island to come up with ways to make it happen. It was MAGICAL to be with people who have the potential to effect so much positive change in this world going forward and to work with them hand-in-hand, leveraging my background in technology, to synthesize practical and implementable solutions.
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