Fintech Finance

Blockchain is the Economy Stupid

By Thomas Marckx - The Ledger - Cronos

Hi there, you might have experienced it as well. Some bearded guru-type IT-guy is explaining Blockchain technology and the first thing they start to discuss is Bitcoin. If you’re lucky, he uses small and understandable words; if not, before too long you’re drowning in hash-functions, merkle-roots, game theory-based consensus algorithms and bidirectional channels. I’ve seen too many presentations where the speaker loses his audience at lightning speed. This occurs because the potential of blockchain is not technological, it’s economics … stupid.