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Is blockchain the future or the past?
Since blockchain as an immutable record is such a broad concept, and as it is proposed as a fundamental change for everything from money to internet, the author is obligated to include many pieces of disjointed topics from Newton to Eich, from Netscape to AlphaGo. Once an argument is so broad, it is hard to tell the related from unrelated, facts from analogies or fairy tales. Beyond several examples, mainly Thiel Fellowship startups, author does not have much details about blockchain as a technology and how it is going to replace big data. Rather, the argument for the rise of blockchain is mainly based on his ideology. Author thinks blockchain will bring in an era of information as secured private property, instead of information being free. Information wants to be free on internet, not just be made free by Google. Author also argues about bringing back gold standard through blockchain, but in the meantime admitting that nobody knows how to build a coin with stable price to be used as a currency. In fact, these ideas are more about simulating the past than the future. To justify the grand title, he needs not only ideology, but serious evaluation of the efficiency of distributed blockchain compared to centralized big data. Unfortunately the deficiencies of blockchain, such as its horrendous energy use, are completely ignored by the author.
September 2018 · Kindle Store · verified purchase
the product in question
Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy
4.3★ · 2,488 ratings, as of 2023
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