That analogy, according to newly appointed MIT Digital Currency Initiative director Brian Forde, illustrates where bitcoin and the blockchain are today – struggling for a more colloquial definition that may only come when the technology delivers a consumer experience that communicates its societal value.
The Digital Currency Initiative finds the Massachusetts Institute of Technology seeking an active role in this communication process. As laid out in the group’s introductory blog post, the program has three goals: to engage students in research around key issues, convene stakeholders in discussions regarding the technology and provide a catalyst for unbiased research.
In a new interview, Forde sought to expand on these efforts, unpacking some of the perhaps denser terminology in the group’s launch messaging. For example, Forde elaborated on how he sees the Digital Currency Initiative addressing areas of high social impact under his leadership.
Put more simply, Forde suggested that bitcoin is likely to have use cases that, while potentially beneficial to millions globally, won’t or shouldn’t generate