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Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts Pasta blanda – 24 julio 2017
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"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.
Descripción del producto
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Detalles del producto
- Editorial : Createspace Independent Publishing Platform (24 julio 2017)
- Idioma : Inglés
- Pasta blanda : 182 páginas
- ISBN-10 : 1974000060
- ISBN-13 : 978-1974000067
- Dimensiones : 13.97 x 1.04 x 21.59 cm
- Clasificación en los más vendidos de Amazon: nº51,046 en Libros (Ver el Top 100 en Libros)
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And it's because they've started plastering adverts on billboards that you should read this.
Gerard’s book ends in December 2016. His afterword says he did not expect the Bitcoin etc to become one the big stories of 2018. This means a second edition bringing the story up to date would be welcome. If so, the book could be made a bit more readable as it’s underwritten (compressed irony/exasperation is a common section ending) with variable formatting and lotsa acronyms.
But for £4.99 on kindle (fiat money as no BTX on Amazon!), its a great read. Might even save you money!
That, and the fact that it's brilliant. We need more books like this!
Crypto "investment" opportunities are mainstream enough now that they get advertised on UK railway billboards alongside the latest Thomas Cook deals and chick-lit blockbuster novels, yet few people are aware of the lies, greed, delusion, and fraud that permeates this sector.
If you know anyone who is aiming to "get rich quick" from these new-fangled bitcoins, ethereums, or some random cryptocurrencies that a teenage hacker invented in his bedroom last night, get them to read this first. It offers many cautionary tales for would-be investors, and it's laugh-out-loud funny in places too.
My only criticism of this book is that it's a bit short, considering the price. Nearly a third of it consists of the glossary and index. Also, this is very much a primer for newbies - if you're already familiar with the crypto world, most of this info will not be new to you, and you would be better off reading the articles on the author's (excellent) website.
All in all though, a great book, a timely warning, and I salute Mr. Gerard for making this available to the world.