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Theres something called moores law, named for gordon moore. one who worked at intel. they are getting to the place where they can double the computing power of a computing chip every 18 months or so. and this is what really made the power of computers explode in the 1980s, because every 18 months these things were getting twice as good. >> you could get the whole computer on a chip. it was less expensive to manufacture. you had smaller which led to faster which led to cheaper. >> under any other...

Smaller and smaller chips, circuit boards. so the closer together elements on a chip are, the faster the motion of signals between them. theres something called moores law, named for gordon moore. one who worked at intel. they are getting to the place where they can double the computing power of a computing chip every 18 months or so. and this is what really made the power of computers explode in the 1980s, because every 18 months these things were getting twice as good. >> you could get the who...

2008, it becoming better known in the years that followed to where we are in 2017, where is it in its evolution as far as youre concerned, where is bit cone in this evolution, and why is it still not available to the masses as we talk about its evolution and growth? >> bitcoin is still really hard to use. thats one big problem with it. the truth is, you kind of need to be a computer expert to understand how bitcoin works. and people like to understand how technology works. even though, of course...

Uses, think of it as a boutique investment, taking up as much energy as the country denmark uses. why is that? >> one needs huge computing power. basically computers solve the puzzles that were set for the miners and they get awarded bit coins. it is like the old analogy, it is very alliterative if you strike gold. those farms which are in china, think tank in australia, it is conceivable they would ultimately use 60% of the

One who worked add intel. they are getting to the place where they can double the computing power of a computing chip every 18 months or so. and this is what really made the power explode. in the 1980s. every 18 months these things were getting twice as good. >> you could get the whole computer on a chip. it was less expensive to manufacture. you had smaller which led to faster which led to cheaper. >> under any other field of products things get more expensive over time, houses, refrigerators, ...

>> the amount of energy bit coin uses, think of it as a boutique investment, taking up as much energy as the country denmark uses. why is that? >> one needs huge computing power. basically computers solve the puzzles that were set for the miners and they get awarded bit coins. it is like the old analogy, it is very alliterative if you strike gold. those farms which are in china, think tank in australia, it is conceivable they would ultimately use 60% of the

Motion of signals between them. theres something called moores law, named for gordon moore. one who worked add intel. they are getting to the place where they can double the computing power of a computing chip every 18 months or so. and this is what really made the power explode. in the 1980s. every 18 months these things were getting twice as good. >> you could get the whole computer on a chip. it was less expensive to manufacture. you had smaller which led to faster which led to cheaper. >> un...

Decade, at least in the developed world, we more or less achieved that objective. and then, you know, we said, oh, what next? so thats when i said, okay, we of got to go back and have a sense of purpose and mission as a company, because in order for us -- we cant be looking with envy to what the competitor is doing for inspiration. we have to truly say what is it that microsoft can uniquely contribute in a competitive marketplace? and so i went all the way back to the first product of the compan...

Envy to what the competitor is doing for inspiration. we have to truly say what is it that microsoft can uniquely contribute in a competitive marketplace? and so i went all the way back to the first product of the company, which was paul and bill creating the basic setup for the alter, and right there is who we are in our core -- we create technology so others can create more technology. we are a toolmaker, a platform provider. thats who microsoft is. were a platform company and a tool maker. so...

One who worked add intel. they are getting to the place where they can double the computing power of a computing chip every 18 months or so. and this is what really made the power explode. every 18 months these things were getting twice as good. >> you could get the whole computer on a chip. it was less expensive to manufacture. you had smaller which led to faster which led to cheaper. >> under any other field of consumer products things get more expensive over time, houses, refrigerators, milk....