[2015-10-29] The Economist: The great chain of being sure about things

[LiteCoinGuy]

The great chain of being sure about things

The technology behind bitcoin lets people who do not know or trust each other build a dependable ledger. This has implications far beyond the cryptocurrency.

http://www.economist.com/news/briefing/21677228-technology-behind-bitcoin-lets-people-who-do-not-know-or-trust-each-other-build-dependable?fsrc=scn/tw/te/pe/ed/blockchains

[1715237241]

1715237241

[1715237241]

1715237241

[1715237241]

1715237241

[1715237241]

1715237241

[1715237241]

1715237241

[Denker]

That's a really good article.One of the best I have read the last several weeks.

One comment got it completely!

Significantly, the final paragraph of this article sums up why bitcoin is so relevant and important -

"The real innovation is not the digital coins themselves, but the trust machine that mints them — and which promises much more besides"

ie, if you are attempting to create a "blockchain" without the backing of a globally accepted, tradeable, verification mechanism by PoW token ( of which the only one to date is the bitcoin blockchain ) then you can never have a truly "trusted network"

[aso118]

I always enjoy reading mainstream media articles about Bitcoin (when they are positive).
The article covers the various possible uses of Bitcoin, plus the possible disadvantages - 51% attack, effect on environment, blocksize debate, etc.
Good read!

[RustyNomad]

One of the best bitcoin articles I've read in a loooong time. Every person with even the slightest interest in bitcoin should take the time to read this article. Also one of the best explanations in regards to the blockchain I've read.

If only all bitcoin news related sites could post quality articles like this.

[freedomno1]

Just noticed that this economist article was posted for the Print Edition on Halloween as well, this is going to be cool might have to grab a copy of the Economist myself when it comes out this weekend.

Looking at the article its a good idea to use the blockchain for land registration especially as their are issues with the way it is tracked, a low cost cryptography based system is the way to do this in my opinion, also about time the mainstream started to get technical .

[notthematrix]

Just noticed that this economist article was posted for the Print Edition on Halloween as well, this is going to be cool might have to grab a copy of the Economist myself when it comes out this weekend.

Looking at the article its a good idea to use the blockchain for land registration especially as their are issues with the way it is tracked, a low cost cryptography based system is the way to do this in my opinion, also about time the mainstream started to get technical .

Can you scan the article? and post it on this tread?
We don't have the economist in print over here...
would like to have it

[freedomno1]

Just noticed that this economist article was posted for the Print Edition on Halloween as well, this is going to be cool might have to grab a copy of the Economist myself when it comes out this weekend.

Looking at the article its a good idea to use the blockchain for land registration especially as their are issues with the way it is tracked, a low cost cryptography based system is the way to do this in my opinion, also about time the mainstream started to get technical .

Can you scan the article? and post it on this tread?
We don't have the economist in print over here...
would like to have it

If I can find a hard print copy of this sure why not I'll scan over the pages, according to the publication date its to be released for Oct 31 so its not even out yet, but there likely is a digital e-reader version of it to be honest if someone is a subscriber they could pdf it but I don't have a subscription to economist so will just need to go and grab a hard copy in the store

That said I do have a scan for the cover issue
https://bitcointalk.org/index.php?topic=1231675.msg12827089#msg12827089

Edit: Scratch that I'm testing out a torrent I'll PM you it if its good or link it but ha-ha even in digital will likely still got get a physical
Tested its good
https://isohunt.to/torrent_details/15772430/The-Economist-31-October-2015-MOBI-ePUB-ERTB

[BitcoinFortune]

I like this bit:

" All sorts of companies and public bodies suffer from hard-to-maintain and often incompatible databases and the high transaction costs of getting them to talk to each other. This is the problem Ethereum, arguably the most ambitious distributed-ledger project, wants to solve."