Category: Cryptoassets

Three Takes on Blockchain & Cryptocurrencies

There’s lot to learn about *blockchain and *cryptocurrencies.  Here are three sources of excellent perspectives.

The title of the first article provocatively says, “You Don’t Understand BitCoin Because You Think Money is Real”. In it, journalist Maria Bastilles delivers a critical analysis, giving us a detailed overview of the context for which we should consider these growing digital currencies.

“Money itself is an illusion, a mass hallucination. You’re working hard to make it, grow it, and keep it, but even so, the only real thing about it is its symbolic power. Which is indeed awesome, considered from a certain angle.”

Second, for more detail of the state of the industry in broader terms with detailed comes from well respected investor and thought leader Alyse Killeen and reads Bitcoin: A Leaderless Movement.

“The technologies that make Bitcoin possible — cryptography, proof-of-work processes, peer-to-peer networking — have existed and been utilized prior to Bitcoin’s introduction, but the method of collaboration in Bitcoin technology is revolutionary. It’s a revolution with extraordinary potential for women’s leadership of a global transformation”.

Lastly, I just finished Cryptoasset: The Innovate Investors Guide to Bitcoin and Beyond by Chris Burniske and Jack Tatar. It reads like a mystery. Let us not forget the original design and launch  was by someone or somebodies who call him|herself or themselves, Satoshi Nakamoto. Yet, it is a steady global revolution.

“I have come to understand that bitcoin-and the blockchain beneath it- is a technological advancement that has the potential to revolutionize financial services the same way email did the post office”.

-Brian Kelly, Manager of the BKCM Digital Asset Fund

*A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions.(investopedia.com

*A cryptocurrency is a digital or virtual currency that uses cryptography for security. (Investopedia.com)