“Attack of the 50 Foot Blockchain”

David Gerard

This is an entertainingly skeptical look at Bitcoin and other cryptocurrencies. It’s the story of naive libertarians basing “currency” (yeah, right) on dodgy software architectures. What could go wrong?

The best way to summarize the book is to quote a couple of paragraphs from the conclusion:

The one constant is: new ideas in finance bring new starry-eyed naïfs, and new predators. New technologies will keep being used as an excuse to put an extra layer of flim-flam over old scams, in an ongoing historical reenactment of the reasons for each and every financial regulation.

Everything to do with cryptocurrencies and blockchains is the domain of fast-talking conmen. If anyone tries to sell you on either, … run.

Leave a Reply

Your email address will not be published. Required fields are marked *