The Common Sense of Cryptocurrency

Download or read book The Common Sense of Cryptocurrency written by Robin Bloor and published by . This book was released on 2019-05-08 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: The "Common Sense" of Cryptocurrency delivers a clearly written analysis of cryptocurrencies, what they are and how to understand them. Bloor begins by highlighting the curious parallel between the historical revolution provoked by Gutenberg's printing press and the revolutionary decentralization of computer power that has given birth to the blockchain. This serves as a backdrop, that allows Bloor to switch between multiple interconnected fields of study: the nature of personal data, blockchain technology, the history of IT, the history of money, the characteristics of currencies, the limitations of cryptocurrency, and more.The central question he attacks is: Do cryptocurrencies herald a revolution?However, this provokes other questions, which he also addresses, including:What exactly is money?What exactly is a currency? Can cryptocurrencies become real currencies, like the dollar or the euro? Exactly what's new about blockchain technology?What can it do? Which businesses can exploit it? Can cryptocurrencies undermine the big Internet ad giants like Facebook and Google?How would a business manage a cryptocurrency? Can individuals own their data? How could that work? What exactly is personal data? What should an individual's data rights be?If you need to understand cryptocurrency, and you probably do, you need to read this book.