reviews

The Truth Machine by Paul Vigna • what is cryptocurrency • what is blockchain technology

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Book cover of The Truth Machine by Paul Vigna - what is cryptocurrency

technology ● future ● blockchain

Recommendation 4 / 5

So many times I complained because I couldn’t understand the phenomenon of Bitcoins and other cryptocurrencies. I didn’t understand how they are created, and why their value is so volatile. From my point of view, fueled by banks and other authorities, it was clear speculation, an investment bubble created by our basic instincts, driven by a bunch of greedy guys.

The Truth Machine explores a short history of publicly maintained databases, such as Wikipedia and presents it as an excellent example of how we should create and store information in the future. Then, the concept of encryption is…