- I don’t buy it but what do I know :-) ?!?! New open code and protocols yes! Does it have to be blockchain?!? NO! Other breakthroughs through code are possible right? Not just blockchain
- From Steven Johnson’s Beyond the Bitcoin Bubble (paywalled, so in Firefox open the link in a new private window:
New Private Window)
Yes, the blockchain may seem like the very worst of speculative capitalism right now, and yes, it is demonically challenging to understand. But the beautiful thing about open protocols is that they can be steered in surprising new directions by the people who discover and champion them in their infancy. Right now, the only real hope for a revival of the open-protocol ethos lies in the blockchain. Whether it eventually lives up to its egalitarian promise will in large part depend on the people who embrace the platform, who take up the baton, as Juan Benet puts it, from those early online pioneers. If you think the internet is not working in its current incarnation, you can’t change the system through think-pieces and F.C.C. regulations alone. You need new code.