An experimental new Internet-based form of money is created that anyone can generate at home; people build frightening firetrap computers full of video cards, putting out so much heat that one operator is hospitalised with heatstroke and brain damage.
A young physics student starts a revolutionary new marketplace immune to State coercion; he ends up ordering hits on people because they might threaten his great experiment, and is jailed for life without parole.
Fully automated “smart contract” systems are proposed to make business and the law work better; the contracts people actually write are unregulated penny stock offerings whose fine print literally states that you are buying nothing of any value.
The biggest crowdfunding in history attracts $150 million on the promise that it will embody “the steadfast iron will of unstoppable code”; upon release it is immediately hacked, and $50 million is stolen.
How did we get here?
“You can make money from cryptos, but you will probably be the one the first guys make their money from,” says David Gerard, author of Attack of the 50 Foot Blockchain, a critical look at the world of Bitcoin, crypto assets, blockchain and smart contracts.
The book covers the origins and history of Bitcoin to the present day; the other cryptocurrencies it spawned, particularly Ethereum; detailed explanation of the attempts to apply blockchains and smart contracts to business; and the origins of the 2017 crypto bubble. The book also features a case study on blockchains in the music industry.
• How Bitcoin works; the attraction of digital currency
• The origins, history of and motivations behind Bitcoin
• How Ethereum and Smart Contracts work
• The potential and problems of Smart Contracts
• The crypto bubble of 2017
• The ICO explosion
• How to decipher media coverage of Bitcoin or blockchain projects
• Six questions to ask your blockchain salesman
David Gerard is a technologist and journalist with a long interest in Bitcoin and cryptocurrency.
To obtain a review copy of the book in ePub format, please email firstname.lastname@example.org.
Book site: https://davidgerard.co.uk/bloc
e-book available via:
• Amazon Kindle: https://www.amazon.co.uk/dp/B0
• Smashwords: https://www.smashwords.com/boo
• iTunes: https://itunes.apple.com/gb/bo