As the cryptocurrency industry grows and garners more interest from a wider audience, and simultaneously takes steps to finally be ready for mainstream adoption, it becomes more important to educate ourselves and others about what is actually going to happen. I believe that many people have a vision of how cryptocurrencies will impact the world of finance and the global economy, but I would also bet that most of us would struggle to explain the scope of this change accurately, or in any detail for that matter.
Smartcon #1 ran this august 5th-7th, and while I would suggest people watch it in its entirety, I understand that most will not have or take the time to do so. With that in mind, I would like to share this keynote by Sergey Nazarov, the first 17 minutes of which is an easily understandable explanation of the problem the whole crypto space is tackling, how the problem will be overcome and ultimately, how an era of a 1000-year old economic system is coming to an end and what will follow.
[Smartcon #1 keynote by Sergey Nazarov](https://www.youtube.com/watch?v=HiuvsLNCg-Y)
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