US paperback of “Attack of the 50 Foot Blockchain” available now!

reddragdiva:

sacculetta:

explodingbat:

reddragdiva:

get it here. it should hit the main amazon sites in a few days, but this is definitely the best link to buy it via ‘cos I get paid more.

oh my goodness. i have a book.

It’s a good book! I learned about several crazy events i was only peripherally aware of at the time, and it answered my long-standing question about bitcoin (”if the blockchain contains a record of every transaction that ever occurs, how can the protocol (which requires reduplicating it to all users) possibly scale?” answer is: it can’t, the thing’s just as wasteful about bandwidth as it is about electricity).

#wouldn’t everyone on the network be downloading humongous amounts of useless data every day if it ever became popular?#yes#libertarian idealism is not very practical nor engineering minded despite how it presents itself#bitcoin

…yikes, did not know that. Sounds like libertarianism all right!

not just libertarian, but insane extremist libertarian. this is an excerpt from the whole chapter i spend bagging on the anarchocapitalists who invented the thing and were its first and most fervent supporters.

this is why nothing about bitcoin makes sense: it was literally created to spread crank ideas that don’t work.

What is essential to understand is that it’s not a vast crowd of black or brown people keeping white Americans out of the colleges of their choice, especially not the working-class white Americans among whom Trump finds his base of support. In fact, income tips the scale much more than race: At 38 top colleges in the United States, more students come from the top 1 percent of income earners than from the bottom 60 percent. Really leveling the admissions playing field, assuming the Trump administration actually cares about doing so, would involve much broader efforts to redistribute wealth and power. A focus on fringe campaigns against affirmative action suggests it does not.