2 ms·
I've started reading the book, and it's an interesting read. I'm very, very interested in cryptocurrency, but he hits a lot of skeptical notes that resonate wit
by semiel 12y ago
I've started reading the book, and it's an interesting read. I'm very, very interested in cryptocurrency, but he hits a lot of skeptical notes that resonate with thoughts I've had. Bitcoin is an awesome technology, and it's easy to accidentally assume that it must therefore also be useful and valuable. Unfortunately, those are actually three separate questions. Plenty of things are technically cool but not useful, or useful but not profitable.
Personally, I think there's a serious chance that cryptocurrencies will disrupt (in the original sense) a lot of economic and organizational systems, but I also think it will take a lot more than Bitcoin to get there.
EDIT: Probably worth saying that I don't unreservedly endorse the book. There's more than a bit of misunderstanding, exaggeration, and hyperbole. But it's a useful counterweight to the hype.