Science and Technology : Congressman Calls To Ban U.S. Dollar In Response To Plea For Bitcoin Ban

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... I feel like there are a couple of misconceptions though and a key drawback of permissioned ledgers that people underestimate: Combinatorial complexity. So I’d like to stick up for public ledgers and share my 2 cents about the topic.





 
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You may have heard that blockchain based cryptocurrencies like Bitcoin are decentralized, with no central authority in control. How then is it possible to create an ‘account’ on such a network where no single person or organization maintains a central registry of users?




 
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I met Andreas M. Antonopoulos at the inaugural edition of Singularity University Canada Summit in Toronto earlier this fall, where he was breaking down bitcoin/blockchain for a large crowd of business leaders, entrepreneurs and thinkers at Evergreen Brickworks, a former quarry and industrial site reserved for the event. The flurry of emerging conversations around bitcoin and blockchain, the billion-dollar valuations, and the specialized jargon can make blockchain an intimidating topic to wade through, is the hype justified? Consider:




 

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