Sunday, April 16, 2017

Blockchain Revolution

By Dan Tapscott and Alex Tapscott

 

Block chains are the tech behind services such as Bitcoin. They offer a way a way for value and trust to be established and traded between different people without 3rd party oversight.

 

The book is very speculative and forward looking—trying to project out how blockchains could revolutionize the economy, banking, music, government, the list goes on.

 

I was frustrated that the the book does not deeply dig into block chains, their strengths and there limitations. For example, Bitfinex had $60m in bit coins stolen from it in 2016. How does that happen? What are the limitations of blockchains that such a large theft could happen? How can I tell if a particular blockchain service is safe? These questions need to have solid answers for blockchains to grow beyond speculative use.

 

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