How to explain the value of replicated, shared ledgers from first principles

Originally posted on Richard Gendal Brown:
“Digital currencies” aren’t needed to explain why distributed ledgers are important. In this post, I develop an argument for replicated shared ledgers from first principles. It is intended to be an “education piece” aimed at those, particularly in the finance industry, who prefer explanations of new technologies to be rooted in a description of a real-world business problem rather than beginning with a description of a purported solution.  So, in this piece, you’ll find no mention of digital currencies, etc., because it turns out you don’t need them to derive an argument for distributed ledger technologies!…

Why Bitcoin’s male domination will be its downfall

Originally posted on Fusion:
Nathaniel Popper’s new book, Digital Gold, is as close as you can get to being the definitive account of the history of Bitcoin. As its subtitle proclaims, the book tells the story of the “misfits” (the first generation of hacker-libertarians) and “millionaires” (the second generation of Silicon Valley venture capitalists) who were responsible for building Bitcoin, mining it, hyping it, and, in at least some cases, getting rich off it. The tale is selective, of course: not everybody involved with Bitcoin talked to Popper, and the identity of Bitcoin’s inventor, Satoshi Nakamoto, remains a mystery. But…

This is Blockchain Country

(Note: this post is dedicated to Jackson Palmer, who finally got sufficiently sick of the BS in the crypto space that today he up and quit. Honorable mention to Ben Doernberg.) TL;DR: Blockchains are easy. They’re databases. The “crypto evangelists” are confusing everyone by conflating the commercial and governance relevance of the technology with unnecessary political baggage.  Just go here for clarity. Then go here to see how you can harness the power of blockchains and smart contracts for yourself, today, without paying anything to anyone. Long version: 1) Bitcoin is software. And it’s software I like.  What drives me crazy are the…