, Columnist
Don't Let Doubts About Blockchains Close Your Mind
Prepare yourself for the new intellectual battlefield.
There’s a small chance it could be real. Photographer: Lars Hagberg/AFP/Getty Images
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Many people, when they hear the word “blockchain,” think of Bitcoin and other cryptocurrencies. Yet there is another feature of the blockchain afoot, one which promises to bring a new and radical decentralization to technology, including social media. Or as it was reported on Twitter: “Silicon Valley used to be a counterculture. It’s not anymore. It is the establishment. The crypto community is the new counterculture.”
Let’s work through one scenario to see what might be at stake.