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Attack of the 50 Foot Blockchain: Bitcoin,…
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Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart… (edició 2017)

de David Gerard (Autor)

MembresRessenyesPopularitatValoració mitjanaConverses
341567,385 (4.3)No n'hi ha cap
"A sober riposte to all the upbeat forecasts about cryptocurrency" - New York Review of Books "A very convincing takedown of the whole phenomenon" - BBC News An experimental new Internet-based form of money is created that anyone can generate at home; people build frightening firetrap computers full of video cards, putting out so much heat that one operator is hospitalised with heatstroke and brain damage. A young physics student starts a revolutionary new marketplace immune to State coercion; he ends up ordering hits on people because they might threaten his great experiment, and is jailed for life without parole. Fully automated contractual systems are proposed to make business and the law work better; the contracts people actually write are unregulated penny stock offerings whose fine print literally states that you are buying nothing of any value. The biggest crowdfunding in history attracts $150 million on the promise that it will embody "the steadfast iron will of unstoppable code"; upon release it is immediately hacked, and $50 million is stolen. How did we get here? David Gerard covers the origins and history of Bitcoin to the present day, the other cryptocurrencies it spawned including Ethereum, the ICO craze and the 2017 crypto bubble, and the attempts to apply blockchains and smart contracts to business. Plus a case study on blockchains in the music industry. Bitcoin and blockchains are not a technology story, but a psychology story. Remember: if it sounds too good to be true, it almost certainly is.… (més)
Membre:sanxiyn
Títol:Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts
Autors:David Gerard (Autor)
Informació:CreateSpace Independent Publishing Platform (2017), 182 pages
Col·leccions:La teva biblioteca
Valoració:
Etiquetes:No n'hi ha cap

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

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Like me, David Gerard is a poster to the subreddit known as "Sneer Club," dedicated to dunking on Internet "rationalists," that weird subculture that believes in granting intellectual charity to all ideologies including Nazis and white nationalists but not feminists and "SJWs," though Gerard is much more prolific (and posts under his real name). Gerard's book is a guide to bitcoin, a thing I have never understood despite no matter how many explanations of it I have heard/read, and it sounded interesting enough to ask my local library to buy it. Well, I still don't entirely get it, but I don't know if I could come any closer to understanding than this given my level of technical know-how. Gerard is a tech guy himself and skewers a lot of the assumptions around bitcoin and the blockchain, pointing out it has immense technical and logistical challenges it will basically never overcome, thus preventing it from ever really taking off in the way its adherents claim. So anyone proselytizing it is either trying to dupe you, or is themself a dupe.

It's a fun book: a lot of the stuff here is pretty ridiculous, and he doesn't shy away from saying so. The bitcoin exchanges run by literal teenagers on security-free PHP was pretty mind-boggling! As a Tampa Bay resident, I of course was interested in the very short-lived Bitcoin St. Petersburg Bowl. The tales of how hard it is to actually spend bitcoin are interesting, and I was fascinating by the story of how when the Mozilla Foundation trialed putting a "donate in bitcoin" button their donations page, their total donations actually went down, so little do people trust bitcoin. A lot of ransomware folks take payment only in bitcoin, and so they actually have customer service teams dedicated to helping you acquire it, or they would never get paid. The mysterious inventor of bitcoin-- and those who have pretended to be him-- was also interesting, and so were all the tales of bitcoin hucksters, including the guy who kept a list of his crimes on his computer in a .txt file, and then later tried to claim it was someones else's work.

This is a quick read; if you're already skeptical of the technology (as I was), you will have your biases confirmed. I don't know if it would win over an adherent, but it seems pretty obvious to me that bitcoin can just not be what its proponents promise or hope for.
  Stevil2001 | Oct 17, 2020 |
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"A sober riposte to all the upbeat forecasts about cryptocurrency" - New York Review of Books "A very convincing takedown of the whole phenomenon" - BBC News An experimental new Internet-based form of money is created that anyone can generate at home; people build frightening firetrap computers full of video cards, putting out so much heat that one operator is hospitalised with heatstroke and brain damage. A young physics student starts a revolutionary new marketplace immune to State coercion; he ends up ordering hits on people because they might threaten his great experiment, and is jailed for life without parole. Fully automated contractual systems are proposed to make business and the law work better; the contracts people actually write are unregulated penny stock offerings whose fine print literally states that you are buying nothing of any value. The biggest crowdfunding in history attracts $150 million on the promise that it will embody "the steadfast iron will of unstoppable code"; upon release it is immediately hacked, and $50 million is stolen. How did we get here? David Gerard covers the origins and history of Bitcoin to the present day, the other cryptocurrencies it spawned including Ethereum, the ICO craze and the 2017 crypto bubble, and the attempts to apply blockchains and smart contracts to business. Plus a case study on blockchains in the music industry. Bitcoin and blockchains are not a technology story, but a psychology story. Remember: if it sounds too good to be true, it almost certainly is.

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