Download PDF The Truth Machine: The Blockchain and the Future of Everything

Download PDF The Truth Machine: The Blockchain and the Future of Everything

Well, currently allow's see just how the book will certainly exist for you. The Truth Machine: The Blockchain And The Future Of Everything is the one that could influence you to have much better time to relax. So, what you get in the spare time is not only loosening up yet also more expertise. Expertise and experience are really worthwhile and they will certainly be timeless. The presence of this book could support you to have that timeless worth. Extremely priceless and also useful are just what you could additionally gain from reading this book.

The Truth Machine: The Blockchain and the Future of Everything

Download PDF The Truth Machine: The Blockchain and the Future of Everything

What's issue with you? Do you not mind to do anything in your leisure time? Well, we think that you require something brand-new to get the present time currently. It is not sort of you to do nothing in your downtime. Also you need some stress-free relaxes; it does not suggest that your time is for laziness. Were actually sure that you need added point to accompany your spare time, don't you?

To get rid of the trouble, we now offer you the technology to download guide The Truth Machine: The Blockchain And The Future Of Everything not in a thick published data. Yeah, checking out The Truth Machine: The Blockchain And The Future Of Everything by on-line or getting the soft-file only to read could be one of the methods to do. You might not feel that reviewing an e-book The Truth Machine: The Blockchain And The Future Of Everything will serve for you. However, in some terms, May people effective are those which have reading routine, included this kind of this The Truth Machine: The Blockchain And The Future Of Everything

As recognized, to finish this book, you might not need to get it simultaneously in a day. Doing the activities along the day may make you feel so bored. If you attempt to require analysis, you might prefer to do other amusing activities. However, among principles we desire you to have this book is that it will not make you feel bored. Really feeling burnt out when checking out will be just unless you don't such as the book. The Truth Machine: The Blockchain And The Future Of Everything actually offers what everyone wants.

This is just what you need to carry out in needing what exactly we provide. This is not nonsense, this is something to create better principle. Essentially, publication will certainly not constantly influent someone to act and also believe much better. It will depend on how individuals will stare and also consider the lesson provided by the book. But, when you have actually taken care of reviewing guide arranged, the The Truth Machine: The Blockchain And The Future Of Everything will have no matter to require.

Product details

#detail-bullets .content {

margin: 0.5em 0px 0em 25px !important;

}

Audible Audiobook

Listening Length: 10 hours and 24 minutes

Program Type: Audiobook

Version: Unabridged

Publisher: HarperCollins Publishers Limited

Audible.com Release Date: March 22, 2018

Language: English, English

ASIN: B07BB26BMZ

Amazon Best Sellers Rank:

This book is a primer on blockchain technology written by two experienced financial journalists with a ringside seat. They previously wrote a book about Bitcoin, the first, but far from only, application of blockchain technology, also known as distributed ledger technology. It’s the basic technology behind “token economics” and is conceptually associated with peer-to-peer and decentralized processing.The authors provide a current snapshot of industry developments and a thoughtful review of the challenges, risks, and opportunities that now present themselves. One of those challenges is scalability. For reasons I won’t try to explain here, that one issue has fractured the industry into permissionless (e.g., Bitcoin, Ethereum) and permissioned segments, the former behaving more like the original ideal of the democratized digital economy and the latter being a variation of the gatekeepers model (think banks) we have today.But why should you care if you are outside the universe of tech investors, banks, entrepreneurs, and engineers? Because tech exists to serve a larger purpose. And that larger purpose, in this case, as the authors point out, extends, at a minimum, to the Internet of Things, but may ultimately impact not just our economy, but our society and our democracy. It could, as one example the authors offer, eventually lead to the commercialization of your personal reputation. (Admittedly a long way off.)This is not a book about Bitcoin, although it does come up a lot. The relevance is that Bitcoin uses blockchain technology. And whether you think Bitcoin is fool’s gold or not, the underlying technology has worked pretty well. In nine years, no one has hacked the system.The Internet and its digital revolution have one over-riding problem: digital data can be replicated. In essence that means that any digital system can be compromised. And as we’ve discovered there is no shortage of people in the world who will make every attempt to do so. It’s easy money and some people, for some perverse reason, consider it “fun.” (Or payback, perhaps.)Protecting the integrity of the digital world, as a result, has proven to be a monumental task. It’s expensive, requires a lot of people, and ultimately fails. In part, this has contributed to the reality that the Internet, once perceived to be the ultimate egalitarian state, is now the ultimate monopoly. A handful of giant companies, whose names you can easily identify, now control it. And while no one really knows what that will mean longer term, the yellow flags are starting to be hoisted, particularly following the 2016 presidential election.The easiest way to think of blockchain, perhaps, is that it goes back to the original digital ideal of the pure democracy, but incorporates security protocols that reduce the forces favoring consolidation of the gatekeepers. In short, it is the architecture that makes good on the original vision. Maybe.There are a few hurdles, however. The first is that you have to accept that the system is better, but not perfect. Before you can evaluate that decision, however, you must accept that the current system of accounting that governs our banks and corporations is far from perfect, too. Accounting is not truth. And that is the truth. Accounting is an approximation of truth and sometimes the gap, as we saw during the 2008 financial crisis, can be huge – as in big enough to cause a “healthy” bank like Lehman Brothers to disappear overnight.That, I fear, is going to be a very hard sell to the average citizen. Or, more accurately, once you let the cat out of the bag people are going to be aghast and it is unlikely they will see doubling down on technology as the best way forward. It is human nature to not want to think about what we don’t want to think about. And most people don’t want to think about the fact that Wall Street really has no idea what the companies whose stocks it trades are worth. Or that our biggest employers really don’t know if they are making or losing money. That sounds a lot like chaos and we don’t like to go there, particularly since that same Wall Street is playing its game of chance with our retirement and our savings.It’s important to accept that, however, because blockchains do not promise perfection. They might be better, but better is relative. Digital, by definition, means replicable, for good or bad. The risk can be reduced, but it can’t be eliminated.And that brings us to the second big challenge. Like any system of security and trust, blockchain systems will require that we all agree on some fundamental rules. And this, I fear, will be an even bigger hurdle than the first. And the reason is the asymmetry of power that exists today.Our economy and our society, and particularly our politics, are today ruled by minorities. It might be a numeric minority, or it might not be, but its opinion falls short of a complete consensus. There is no democracy if by democracy we mean everyone has an equal say in things. That’s not even close to being today’s reality.And as we witness day in and day out, the people who benefit from that asymmetry today want to make the balance of power even more asymmetrical – to their benefit, of course. That’s why we have lobbyists and why corporations and wealthy individuals invest so much money in the political process. If power were allocated symmetrically, it would be a lousy investment.It is that asymmetry, even more than the unanticipated security challenge, that has allowed corporate America to hijack the digital economy to the degree it has. It’s not just that the corporations did it; it is the fact that Washington let them, and in fact facilitated them. (And we, the users, of course, let the politicians let them.)I don’t yet see, frankly, how blockchain technology gets around that. The banks and the tech giants will seize the agenda and rework it to their advantage, as it appears, from the information provided in this book, they are already doing. In the end, if that continues, we will have the next big thing that looks and smells a little different but is the same old thing when it comes to asymmetric power. Maybe a few new products, like crypotcurrencies or blockchain-enabled supply chains, but the same old players pulling the same old strings to their advantage.My ultimate takeaway from the book: It’s ultimately a battle between an ideology of individualism and an ideology built on the common good. Liberal democracy, as we know it today, and have known it since the founding of the country, is built on a foundation of individualism (e.g, individual rights, freedoms, and opportunities). And it has worked remarkably well.The Achilles Heel of individualism, however, is the asymmetric allocation of power. It is a weakness, moreover, that has been great exaggerated and accelerated by technology. Technology, to date, has done nothing quite so dramatically as it has enhanced the asymmetric allocation of power in our economy, our society, and our politics.The ultimate promise of blockchain technology, therefore, as I think the authors see it, is the opportunity to double down on individualism. The blockchain, might, if the predictions hold, provide the means to overcome the inherent inequities of modern capitalism fueled by the creation of digital monopolies.They might be right. But, as Yogi Berra noted, “In theory, there is no difference between theory and practice, but in practice there is.” And I’m with Yogi on this one. I don’t see the 1%, however you define it, just walking away and letting the other 99% of us back into the fight.Perhaps more importantly, Washington shows no resolve to do anything to impede the asymmetric accumulation of power by corporations and wealthy individuals. According to the authors, while the central banks of England, Japan, and Canada are all actively exploring blockchain technologies, our own government seems content to leave it in the hands of private initiatives like the corporate consortium, Hyperledger, dominated by companies like IBM and Intel.I may be wrong. I dearly hope I am. At any rate, it’s a very good book and you will do yourself an injustice if you don’t read it.

Wow, why aren’t we seeing this in the news! Decentralized blockchain technology is changing the world as we know it.As stated in this book, “If the future foreseen by this book comes to pass, we’ll witness the biggest employment shakeup the world has ever seen. And this time, the most vulnerable jobs are not the usual suspects: the factory workers, the low-level clerks, or the retail store assistants.“Now it’s the accountants, the bankers, the portfolio managers, the insurers, the title officers, the escrow agents, and the trustees—and, yes, even the lawyers. To be sure, the common refrain that lawyers will be replaced by “smart contracts” is somewhat inaccurate since the terms of agreements, the actual contracts themselves, will still need to be negotiated by human beings. Nonetheless, the legal industry is also in for a huge shakeup. Lawyers who don’t understand code are likely going to be valued far less than those who do. (One of the most employable joint degrees to have will be a law-plus–computer science degree.) In any case, you get the idea: the middle class is facing a tidal wave.”Decentralized blockchain technology is a record keeping ledger that is transparent immutable and uses algorithms to used smart contracts and this will drastically cut costs and speed up processes that use to take days. All of this is being done automatically through little human oversight.Let me give you a few examples:In banking, the processed syndicated loans, which now takes weeks, will be processed in minutes. Best of all, these transactions become programmable and able to communicate information and instructions as well.Remember when Chipotle’s customers got sick from contaminated foods? Decentralized supply chains would almost eliminate the spread of food contamination because each step within the process would be noted within the blockchain ledger and would be traceable and this would naturally enhance trust in the data.The book also stated: “The World Food Program (WFP), a UN agency that feeds 80 million people worldwide, is putting 10,000 Azraq refugees through a pilot that uses a blockchain system to better coordinate food distribution. In doing so, the WFP is tackling a giant administrative challenge: how to ensure, in an environment where theft is rampant, and few people carry personal identifying documents, that everyone gets their fair share of food.“This Azraq blockchain pilot ensures that people aren’t double-spending their food entitlements. That’s a pretty important requirement in refugee camps, where supplies are limited and where organized crime outfits have been known to steal and hoard food for profit.”Ride sharing services like Uber will also be replaced by services like Tel Aviv-based, blockchain-powered ride-sharing application that have no middlemen or controlling authority.Medical record keeping will advance and allow us to centralize and organize all our records in a secured platform that we control.Anything can be digitized—a title, contracts, copyrights, personal IDs, solar grids, commodity exchanges, investment funds, blockchain-certified marriage certificates, online voting systems, and supply-chain platforms.Blockchain even has the likelihood of helping us reduce our carbon-missions output which will help with climate change.Our ability to do background checks will be dramatic. For example, we will know if an individual hangs out with high-school dropouts or people with graduate degrees. It will show our payment history, sleep patterns, travel history, and, of course, our online surfing.If social media companies agree to share our data, a whole new identity could be formed that would be much more informative than anything produced by, say, credit score keepers such as Equifax.The book states: “This is precisely what a new breed of algorithmic credit-scoring companies and other such big data–driven startups are doing. Putting all of that into a blockchain-proven system could be a powerful way to get people to trust each other and expand their social and economic exchanges.”Decentralized blockchains are just the beginning. Our world is changing faster than we realize through artificial intelligence, biotechnologies, quantum computing, and advanced materials, and these discoveries are creating a radical shift in the way we live.

The Truth Machine: The Blockchain and the Future of Everything PDF
The Truth Machine: The Blockchain and the Future of Everything EPub
The Truth Machine: The Blockchain and the Future of Everything Doc
The Truth Machine: The Blockchain and the Future of Everything iBooks
The Truth Machine: The Blockchain and the Future of Everything rtf
The Truth Machine: The Blockchain and the Future of Everything Mobipocket
The Truth Machine: The Blockchain and the Future of Everything Kindle

The Truth Machine: The Blockchain and the Future of Everything PDF

The Truth Machine: The Blockchain and the Future of Everything PDF

The Truth Machine: The Blockchain and the Future of Everything PDF

The Truth Machine: The Blockchain and the Future of Everything PDF