Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts

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This site uses cookies to deliver our services, improve performance, for analytics, and (if not signed in) for advertising. Everyone that is hyped about this technology should read this book to get his excitement levels back to normal. Either way this little book will provide you with some highly amusing anecdotes and some interesting background but a more up-to-date account might be more useful and the reason I reduced the rating from 4 to 3 stars. Again, they’re hip, and happening, but don’t appear to actually solve any problems with real world contracts, which have always been interpretation (what does “anticipatory breach” mean?

Not only is this comprised of various plagerized reworded content (imo), but I also believe there is a hidden agenda being pushed deep inside this manifesto. Gerard's book starts out with a technical explanation of Bitcoin followed by a somewhat flawed explanation of libertarian/free market/Austrian ideals, and is incredibly critical throughout (Bitcoin mining is is "to show that you can waste electricity faster than everyone else;" libertarians have "odd notions of how economics works or humans behave. This requires some technical understanding of the language of IT, but even without that you will get a sense of what is happening. Integrating specific coaching principles can enhance the quality of your conversations by guiding dialogue to uncover actionable insights, foster trust, boost collaboration, and drive clarity in your objectives. Which is that while it draws upon fundamentally good ideas (decentralised, peer-to-peer microtransactions without the oversight of Big Brother), it is, in its current form, nothing but a giant grift/ponzi scheme that uses the guise of code supremacy.sextillion calculations are thrown away, because the only point of all this technical rigmarole is to show that you can waste electricity faster than everyone else. The “anarcho-capitalism” ideology permeated the disputes concerning Bitcoin from the very beginning. You can change your choices at any time by visiting Cookie preferences, as described in the Cookie notice. Some of those people have become rich, without really having created any social value, and even more people have become even more rich through countless thefts and scams.

It’s an idiosyncratic journalistic beat, just as Attack winds up a fairly idiosyncratic book (the final chapter, ‘Case Study: Why you can’t put the music industry on a blockchain’ feels like it’s largely there based on the author’s wider interests, though it does have a spectacular Imogen Heap anecdote). Two very different candidates are discussed - Dorian Nakamoto, who Newsweek claimed to have discovered was Satoshi, and Craig Wright, who announced he was Satoshi, before conducting a peculiar media circus, and then backtracking and disappearing. For comparison, Microsoft code averages 15 obvious bugs per 1000 lines, NASA spacecraft code around 0 per 500,000 lines. Full disclosure, I hew towards the later definition although I can see how the 2nd camp can also claim some support.If you, like me, sometimes feel like a crazy person for telling your friends this whole crypto thing MIGHT be complete nonsense, and that its advantages are not at all what people think they are - then here's the book for you. The book has a lot less material on the the application (or rather potential application) of Blockchain in general, particularly in financial services.

The difficulty and risk of bitcoin has all but deep-sixed its small economy of legitimate users, leaving a small number of defiant “HODLers”, convinced that wide adoption is around the corner and things will be better tomorrow.The flow of the book is very well structured too, taking logical steps from the origins of crypto ideology to breaking down its current proposed use cases (and why none of them work in their current form), and the hilarious but alarmingly well publicised rebranding attempt to "Blockchain". AllCrypt ran their exchange off a MySQL database … and were running WordPress on the same database, and their WordPress got hacked such as to allow access to the exchange data. Or at least, they used to, and they’re convinced they will again, if they weather the storm of negativity and FUD stirred up by the enemies of freedom.