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NYT: Blockchain like original internet, has "radical" possibilities

Bitcoin
A visual representation of Bitcoin. Photo: Jack Guez / AFP via Getty Images

To reset your mind amid all the crazy Bitcoin coverage, the new N.Y. Times Magazine cover story walks through where the cryptocurrency conversation began, and where it's going:

"Beyond the Bitcoin Bubble ... Yes, it’s driven by greed — but the mania for cryptocurrency could wind up building something much more important than wealth," by Steven Johnson:

  • "Like the original internet itself, the blockchain is an idea with radical — almost communitarian — possibilities that at the same time has attracted some of the most frivolous and regressive appetites of capitalism."
  • "We have learned enough from this history to support the hypothesis that open works better than closed, ... But we don’t have an easy route back to the open-protocol era."
  • "Right now, the only real hope for a revival of the open-protocol ethos lies in the blockchain."

Worthy of your time.

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