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I found it very interesting, and it’s a very interesting application of cryptography (and, though far less appreciated) economics and game theory which really m
by mw888 4y ago
I found it very interesting, and it’s a very interesting application of cryptography (and, though far less appreciated) economics and game theory which really motivated the learning for me.
Start with Bitcoin, it has a good white paper, is the simplest, and is proven at scale. You’ll want to be careful chasing hype, even if you aren’t buying any. It can lead you down a dozen different highly complex proposals for the next big thing which haven’t been proven and often just monetize buzzwords.
Applications beyond is a bit of a misnomer. If the tech is built from blockchain as its backbone or exploits its benefits there is inherently an economic factor serving as a deterrent for tampering, so even if your application is not specifically money, it may take advantage of a system (blockchain) whose fundamental property relies on being scarce and transferable.
I wish more people who did invest in crypto took your approach, then invested after.