Cryptocurrency Might be a Path to Authoritarianism It is quite easy to imagine VERY scary scenarios in the centralization rather than decentralization!!! If the world becomes fully digital, this is a natural tendency anyway, because goverments and transnationational corporates have plenty of details about people as well as plenty of capital.
Similarly, blockchain’s future seems tied to the short-term vision of investors and entrepreneurs willing to speculate on a hypothetical, distributed utopia without hedging against the consolidated autocracy it seems equally likely to realize. “This is what happens,” Greenfield says, “when very bright people outsmart themselves.”
[Cleaning up crypto, let’s get back to the future!](https://medium.com/outlier-ventures-io/cleaning-up-crypto-lets-get-back-to-the-future-96753146b4cf) what needs to happen in the "cleaning act", which many people expect to happen in 2018-2020 period
## Thumbs up
[Reflections on the Best Blockchain Tweets Ever Written](https://hackernoon.com/reflections-on-the-best-blockchain-tweets-ever-written-d488af960d4f) July, 2017
Inspiring and grand visions
[Bitcoin - It may fail but we now know how to do it](https://medium.com/opacity/bitcoin-1537e616a074) by Nassim Taleb
[Blockchains and the Opportunity of the Commons](https://marginalrevolution.com/marginalrevolution/2018/06/blockchains-opportunity-commons.html)
by Alex Tabarrok June 4, 2018
[Bitcoin as unbeatable virus](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/2230/mccm-1q2018_market-outlook%2BYUSKO.pdf) by Mark Yusko (July 2018)
[The Four Waves of Crypto Disruption](https://versionone.vc/four-waves-crypto-disruption/) by VersionOne
## Thumbs down
- [The Blockchain Pipe Dream](https://www.project-syndicate.org/commentary/blockchain-technology-limited-applications-by-nouriel-roubini-and-preston-byrne-2018-03) Roubini, Byrne - March, 2018
[Crypto is the Mother of All Scams and (Now Busted) Bubbles While Blockchain Is The Most Over-Hyped Technology Ever, No Better than a Spreadsheet/Database](https://www.banking.senate.gov/imo/media/doc/Roubini%20Testimony%2010-11-18.pdf) Roubini
- [Cryptocurrency Might be a Path to Authoritarianism](https://www.theatlantic.com/technology/archive/2017/05/blockchain-of-command/528543/) It is quite easy to imagine VERY scary scenarios in the centralization rather than decentralization!!! If the world becomes fully digital, this is a natural tendency anyway, because goverments and transnationational corporates have plenty of details about people as well as plenty of capital.
> Similarly, blockchain’s future seems tied to the short-term vision of investors and entrepreneurs willing to speculate on a hypothetical, distributed utopia without hedging against the consolidated autocracy it seems equally likely to realize. “This is what happens,” Greenfield says, “when very bright people outsmart themselves.”
[Let’s Destroy Bitcoin](https://medium.com/mit-technology-review/lets-destroy-bitcoin-3211861ce7a3) and [Let’s Destroy Bitcoin](https://www.technologyreview.com/s/610809/lets-destroy-bitcoin/)
Three ways Bitcoin could be brought down, co-opted, or made irrelevant By Morgen Peck
- government regulation
- takeover by Facebook
- dilution by tokenization of everything
[The Old Allure of New Money](https://www.project-syndicate.org/commentary/cryptocurrencies-scientific-narrative-by-robert-j--shiller-2018-05)
May 21, 2018 ROBERT J. SHILLER
[Transaction Costs and Tethers: why I am a crypto Skeptic](https://knowen-production.s3.amazonaws.com/uploads/attachment/file/2229/Opinion%2B-%2BPaul%2BKrugman%2B-%2B_%2BTransaction%2BCosts%2Band%2BTethers_%2BWhy%2BI_E2_80_99m%2Ba%2BCrypto%2BSkeptic%2B-%2BThe%2BNew%2BYork%2BTimes.pdf) by Paul Krugman (July 2018) Familiar arguments a) high transaction costs - the cost of lack of trust! inverted argument b) no tethering to the real world
### business model and a killer Dapp
[There is exactly one reason why anyone would use a blockchain — it’s because it solves a very interesting and difficult problem called the Consensus Problem. It’s a hard problem and it intrinsically requires a huge amount of resources to solve.](https://medium.com/@TomSwirly/im-sorry-but-your-article-is-i-m-trying-to-find-a-polite-word-for-it-but-you-really-don-t-f6984799d498) about Dan Jeffries [Killing Kickstarter: The Crypto Killer App Blueprint](https://hackernoon.com/killing-kickstarter-the-crypto-killer-app-blueprint-4c5c326ee1a6)
## Predictions
[What Will Bitcoin Look Like in Twenty Years?](https://hackernoon.com/what-will-bitcoin-look-like-in-twenty-years-7e75481a798c) oct, 2017
[It's 1994 In Cryptocurrency](https://www.forbes.com/sites/apaul/2017/11/27/its-1994-in-cryptocurrency/#d2d365fb28a3) Ari Paul, nov 2017
## The current state
[12 Graphs That Show Just How Early The Cryptocurrency Market Is](https://medium.com/@mccannatron/12-graphs-that-show-just-how-early-the-cryptocurrency-market-is-653a4b8b2720) may 7, 2018
## General Debates and Forecasting
[Cryptocurrencies: Irrational Exuberance or Brave New World?](https://www.youtube.com/watch?v=MMZGQSWD4tU) MilkenInstitute Uploaded on 2 May 2018