Jan 18, 2018

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

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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Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

New York's death toll from the novel coronavirus surged to its highest one-day total on Tuesday, as the U.S. saw its largest 24-hour spike in fatalities, per Johns Hopkins data. Recorded deaths across the U.S. surpassed 12,900 Wednesday.

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