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A review by benjamin_manning
Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts by David Gerard
4.0
read this because a professor I know thinks theres a lot of good research opportunities with blockchain stuff because all the data is public. Really amusing informative book on how DUMB a lot of crypto currencies (especially bitcoin) are.
Three takeaways:
1. Most cryptocurrencies have been not-so-clever ponzi schemes surrounded by terrible behavior.
2. The execution of their proclaimed "use-cases" is almost never realized and often results in the exact opposite of what they tout (centralization and fraud).
3. One of the best parts of parts of the technology (in theory), is the distributed ledger, which is basically how github already operates....
Three takeaways:
1. Most cryptocurrencies have been not-so-clever ponzi schemes surrounded by terrible behavior.
2. The execution of their proclaimed "use-cases" is almost never realized and often results in the exact opposite of what they tout (centralization and fraud).
3. One of the best parts of parts of the technology (in theory), is the distributed ledger, which is basically how github already operates....