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

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If you, like me, sometimes feel like a crazy person for telling your friends this whole crypto thing MIGHT be complete nonsense, and that its advantages are not at all what people think they are - then here's the book for you. sextillion calculations are thrown away, because the only point of all this technical rigmarole is to show that you can waste electricity faster than everyone else. 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. The author is giving compelling arguments on why Bitcoin should be considered a failed attempt on creating an alternative, unregulated currency.

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. The mysterious inventor of bitcoin-- and those who have pretended to be him-- was also interesting, and so were all the tales of bitcoin hucksters, including the guy who kept a list of his crimes on his computer in a .By using LibraryThing you acknowledge that you have read and understand our Terms of Service and Privacy Policy. Again, this treatment already seems outmoded - especially given the meteoric rise in popularity of ICOs (Initial Coin Offerings). Not only is this comprised of various plagerized reworded content (imo), but I also believe there is a hidden agenda being pushed deep inside this manifesto.

These two sites produced some of the first mainstream press covering Bitcoin for a general (but still reasonably tech-savvy) audience.In this article, we will discuss what problems we had to solve at Twilio to efficiently build a resilient and scalable asynchronous system to handle a complex workflow and the advantages we got from adopting a Workflow Orchestration solution, including abstracting away state management and out-of-the-box support for retries, observability, and audibility. Replacing trusted central authorities with a hash-cracking consensus algorithm leads to excessive energy consumption, low transactions throughput, unpredictable transaction processing time and high fees. I laughed, I was absorbed by some of the details, dismayed by the rank incompetence of almost everyone involved, and emerged more certain than ever never to put any of my own money anywhere near this farrago. One small fault of the book is that I've been following the Bitcoin-critical commentary on Reddit (where the author also participated), and it's painfully obvious to everyone that only the absolute craziest shenanigans made it to the book. Even the frothy-hype Don Hapscott book lists the same issues, albeit compressed into chapter 24 after having raved about vague possibilities for the preceding 23.

The insanity of bitcoin mining was more than enough to convince me of its immoral and irrational basis.

org is a corporate open source Potemkin village of the sort IBM has long favoured: the illusion of an open project, with no “there” there.

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