Bitcoin has been declared dead more than four hundred times, by one popular tally that gleefully keeps count. It has made early believers extraordinarily rich and late arrivals considerably poorer. It has been banned, ridiculed, celebrated, and then quietly bought by the very institutions that spent a decade sneering at it. So what on earth […]
Bitcoin: The Money Nobody Controls Read More »
Let me start with a confession. “Decentralised finance” is one of those phrases flung about constantly and explained clearly rarely. It sounds important. It sounds technical. And a great many of the people nodding along to it in conversation are doing precisely that — nodding along. I was one of them for an embarrassingly long
DeFi: The Financial System With No Head Office Read More »
Part 3 of 4 — when the ledger stops recording and starts doing. Bitcoin proved that a shared ledger could record who paid whom without a soul in the middle vouching for any of it. Which is a marvellous achievement, and also — if you and I are going to be honest with one another
The Blockchain Mini Series – Part 3 Read More »
Part 2 of 4 — why nobody can rewrite the past, and why nobody wants to. The shared notebook is brilliant, until somebody picks up an eraser. That is where we left off: a public ledger, copied across thousands of computers, readable by anybody who fancies a look. Wonderful feature. Rather obvious problem. If everyone
The Blockchain Mini Series – Part 2 Read More »
