[LINK] Bitcoin is hitting new highs—here’s why it might not be a bubble

Hamish Moffatt hamish at cloud.net.au
Mon Nov 20 16:30:03 AEDT 2017


On 20/11/17 16:18, David wrote:
> I agree with Frank's comments, below.
>
> I think we have to separate the subject of blockchain architecture and its' use in crypto-currencies.  Blockchains have even found application in the avionics of fly-by-wire commercial aircraft where many complex subsystems must cooperate without errors.  (In the case of control surfaces, I believe voting was once achieved by having three independent systems, each one operating its' own hydraulic ram, so two out of three would win just by sheer grunt!)

I think you might find this book interesting: 
https://davidgerard.co.uk/blockchain/book/

The author argues that pretty much anything you think a blockchain would 
be useful for, would be better off without a blockchain. There are even 
commercial products named "xyz blockchain" which in fact contain no 
blockchains at all, because they wouldn't be helpful.


Hamish



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