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

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This means that this section of the book already feels a little dated, despite having come out only a few months ago. Everyone that is hyped about this technology should read this book to get his excitement levels back to normal. 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. The next three chapters cover alternative cryptocurrencies, including Dogecoin and Ethereum, before looking in more depth at smart contracts and the growing use of blockchain as a separate technology divorced from cryptocurrencies. As I finish this critical book of bitcoins' history, the block chain, ethereum, and smart contracts I am coming out of it quite optimistic about cryptocurrencies.

The implicit promise of cyberlibertarianism was the dot-com era promise that you could make it big from a startup company’s Initial Public Offering: build something new and useful, suddenly get rich from it. Having set the scene, the next chapter deals with the early years of Bitcoin history up to and including the Mt Gox crash and the Silk Road dark market. Rather than focus on details of cryptography and code that describe how a cryptocurrency or a blockchain works, the book discusses the phenomena that have emerged as part of the rise of Bitcoin and blockchain.To me it showed what bitcoin and the cryptocurrency realm needs to work on and what pitfalls to avoid. As this is the first book I read on the topic I am unable to judge whether there was a biased selection of mostly failed projects or not but his arguments against the big ones out there at the moment are perfectly sound: bitcoin, ethereum and smart contracts all have limitations that are unlikely to help them become anything more than big ponzi schemes. Oh, and keep an eye on the Seeming Twitter account: they’ve got another track from Sol dropping today. It a book I would recommend, above all, to anyone involved in cryptocurrency development, because very little progress was made, i think, on the issues raised. It contains a pretty good description of how Bitcoin works but the bulk of the book is made up of accounts of the crazy schemes that the Bitcoin community has attracted as real money started to be pumped into its phantom-zone economy.

My expectation was to get a good historical understanding of these subjects and insight as to where they are at today. Before the Autumn of 2017, it seemed like the big story of the year would be the attempts by governments and consulting firms to substantiate blockchain as a separate entity from cryptocurrencies - which are well covered in the penultimate chapter. It seems the author is well versed in the crypto currency ecosystem and has aggregated several articles into one book. As the only people who deal exclusively in bitcoin are drug dealers, arms dealers, child pornographers, human traffickers, and currency prospectors, I figure it’s a safe comparison.Posted on February 1, 2018 March 17, 2018 by William Shaw Posted in Reviews Tagged attack of the 50 foot blockchain, bitcoin, blockchain, book reviews, books, david gerard, fintech, tech. It would be among the funniest books I ever read if its contents weren't a harbinger of an even worse techbro dystopia that's right around the corner. 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.