"You Can't Ban Blockchain. It's Math": a Talk with Jimmy Wales

' Who would think that? Apparently, Jimmy would, as this is the message he was spreading during his speech at the biggest crypto conference in Europe, BlockShow, calling failure 'an essential part of innovation.

Jimmy Wales: I'm old now, and I was in the internet world during the dot-com bubble, so when I say something is a bubble, it doesn't mean that I think there's nothing of value there.

It means there's a lot of noise and there's a lot of investment money flowing in, and a lot of things are being invested into what does not actually make sense.

A lot of projects are going to fail, but we additionally have a lot of scams, a lot of theft, a lot of crazy things happening.

A lot of people have pitched me on their ideas in the journalism space, I just don't see it makes a lot of sense.

In terms of the fairness, I think the issue right now is that there have been quite clearly scams put forward that are not just technical violations of some securities rules, but actually scams where people have had their money taken.

A lot of people read the article on Satoshi Nakamoto, I'm sure, millions of people.

You'll occasionally hear a politician saying, "We need to ban cryptography," but that's stupid and crazy and you're never going to do it with math.

At the same time, we see a lot of things going on that it's very difficult to say they're anything other than just scams.

People don't think about it as regulation, but of course it's against the law to steal things.