Tags: blockchain



Bitcoin Is Ridiculous. Blockchain Is Dangerous: Paul Ford - Bloomberg

An astoundingly great piece of writing from Paul Ford, comparing the dot-com bubble and the current blockchain bubble. This resonates so hard:

I knew I was supposed to have an opinion on how the web and the capital markets interacted, but I just wanted to write stuff and put it online. Or to talk about web standards—those documents, crafted by committees at the World Wide Web consortium, that defined the contract between a web browser and a web server, outlining how HTML would work. These standards didn’t define just software, but also culture; this was the raw material of human interaction.

And, damn, if this isn’t the best description the post-bubble web:

Heat and light returned. And bit by bit, the software industry insinuated itself into every aspect of global enterprise. Mobile happened, social networks exploded, jobs returned, and coding schools popped up to convert humans into programmers and feed them to the champing maw of commerce. The abstractions I loved became industries.

Oof! That isn’t even the final gut punch. This is:

Here’s what I finally figured out, 25 years in: What Silicon Valley loves most isn’t the products, or the platforms underneath them, but markets.

From blockchain to drones, we need to stop obsessing about tech megatrends | WIRED UK

Perhaps the blockchain is the technology equivalent of the panda. You hear an awful lot about it without ever being clear what exactly it’s for and why we should care if it disappears.

Russell Davies on the megafauna of technology.

The other big hitters are probably drones, robots, AI and self-driving cars. It used to be smartphones and 3D printing, but they’ve become too ubiquitous and banal. You can’t be charismatic if you’re everywhere.