Well, for starters, stop calling it “the” blockchain.
Facebook’s planned blockchain-based currency poses nettlesome questions: Is it money? Is the Libra Association a bank?
In a series of tweets late Thursday, the president attacked cryptocurrencies and said Libra “will have little standing or dependability.”
China’s Bitmain said it would build the world’s largest bitcoin mine in Rockdale, Texas. Then the price of bitcoin plunged, taking with it the town’s hopes for a revival.
Federal Reserve Chair Jerome Powell is the latest regulator questioning Facebook’s plan to launch a cryptocurrency.
Berkeley is considering a plan to finance big projects with “minibonds” that would be sold, and interest credited, via a blockchain system.
Computer science professor David Gelernter envisaged social networks long before Facebook. Now, he wants to reclaim the concept, using blockchain technology.
Legal scholar Angela Walch calls it the “veil of decentralization,” a way for companies to obscure responsibility for their creations.