“The combination of an open monetary network and an open information network is pretty interesting. Programmable bearer asset money can move around frictionlessly across borders, and between platforms. Platforms can be interoperable with each other without directly working with each other to make it happen, simply because they are interfacing with the same underlying protocols. Server operators can be incentivized to maintain and enhance an information network via microtransactions.

A set of protocols that globally connect people in terms of identity, information, and value can reduce a lot of frictions and create a lot of new opportunities.”