File:Byteball interview 😎❤ Part 3 What Crypto Can & Fiat Not Conditional Payments

Description
Byteball founder Anton Churyumov talks about what he thinks the USP of cryptocurrency is = conditional payments and easy to make and use smart contracts that allow new ways to offer insurance, sports betting, gambling, investing, prediction markets without having to trust or even know the counterparty, as well as immediate execution.

We also discuss the decentralization of the witnesses and how they need become people and businesses with good reputations to lose outside the Byteball system in case they act dishonest as witness.

To conclude we talk price of bytes and it's true underlying value: 1 byte can buy you 1 byte of data storage in the DAG. Not dumb data like pictures but buys you transactional data that allow you to create smart contracts with guaranteed execution.

Enjoy and remember: sharing is caring 😉❤️👌

Some other interesting video's about Byteball:

What makes Byteball awesome? 😎 Presentation Bytes & Blackbytes https://www.youtube.com/watch?v=E16xnZ14S2A&t

Coin Interview Episode 27: Anton Churyumov of Byteball https://www.youtube.com/watch?v=zjT7wQNg_s4

Parametric insurance powered by smart contracts by Tony Churyumoff https://www.youtube.com/watch?v=PhI3js_7yWw&t