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Author Topic: [2017-05-30] Mint: Why blockchain is like a kitty party  (Read 329 times)
polynesia
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May 30, 2017, 12:37:20 AM
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Why blockchain is like a kitty party

http://www.livemint.com/Opinion/8JiOVnHjnYoQ8QEGiBkJGM/Why-blockchain-is-like-a-kitty-party.html

The concept of blockchain is tough to understand—unless you perfectly understand a kitty party.

Let us step back. Blockchain technology was the second most hyped technology in 2016, just a smidgen behind machine learning. In banks and tech companies across the world, you can hear people speaking about blockchain in hushed, reverential tones, as if people were speaking about the more arcane aspects of Kabbalah. Also, much like this ancient esoteric strain of Judaism, blockchain is very difficult to understand, despite how many times you read or listen about it.

Most times, blockchain is explained as the “technology or protocol behind bitcoin”. And bitcoin is a bit easier to understand—at first. A digital currency with an equivalent dollar value, bitcoin can be bought, sold and used to buy stuff. But the moment you tell people there is no bank involved, no issuing authority, no government, no gold-backing, the glazed blockchain-like look starts coming back in people’s eyes.
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