In an investor letter, Google’s founder, Sergey Brin, had a lot of wisdom and optimism to share, particularly pertaining to matters in the cryptocurrency field. Invoking the opening lines of Charles Dickens’ ‘A Tale of Two Cities’, Brin stated that the evergreen lines were as relevant today as they were all those years ago.
Talking about quantum computing the Google founder said “for a particular class of problems”, quantum computers can solve them exponentially faster. Weaving cryptocurrencies into the conversation, Brin said, “There are several factors at play in this boom of computing. First, of course, is the steady hum of Moore’s Law, although some of the traditional measures such as transistor counts, density, and clock frequencies have slowed. The second factor is greater demand, stemming from advanced graphics in gaming and, surprisingly, from the GPU-friendly proof-of-work algorithms found in some of today’s leading cryptocurrencies, such as Ethereum.”
While the letter does not talk about cryptocurrencies, anywhere else, Brin’s enthusiasm for cryptocurrencies, especially Ethereum is not news. Last year, as Google was clamping down on cryptocurrency-related advertisements, Brin made news by saying he was mining Ethereum with his 10 year old son.
The declaration, that nobody saw coming, was made at the ongoing Blockchain Summit in Morroco, where he was a panel member. However, it was not said directly by him, but the moderator described it as Brin’s ‘side hustle.’ This was misreporting by some media portals, as reported by Crypto-News India.
At the time, he had added that he was a huge proponent of ‘proof-of-work’ as it provides evidence of the work done in order to gain reward. He said, “It is mind-boggling that something like cryptography, even exists.”
Following Google’s ban, a number of other Internet companies such as Facebook, Twitter, Medium, among others, have issued similar bans pertaining to advertising Initial Coin Offerings (ICO).
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