There are a lot of misinformation in the mainstream media about what Bitcoin, Blockchains or Distributed Ledgers can do or cannot do. The whole business model of “evangelists”, journalists, authors and vendors is to get their audience and customers excited (“blockchain will save the world!”) to generate revenues through clicks and sales. Accuracy is secondary for them. Truth does not sell well because it is often complex and boring. Even University professors can get the concept of distributed ledgers wrong – but this is the focus of another blog post.
Luckily, I got your back and will share the best sources of information to learn about what blockchains are actually good for.
I recommend these blogs from experts who know what they are talking about because they are not observers but doers:
- Jimmy Song Medium – Start with Why Blockchain is Hard and The Truth about Smart Contracts
- Gideon Greenspan Multichain – Start with Avoiding the pointless blockchain project
- Paul Sztorc Truthcoin – Start with Private Blockchains, Demystified then Two demand categories for bitcoin and when B2B blockchains make sense
- Nick Szabo Enumerated is also a great source of information about money and smart contracts.
Also to a lesser extent: Vitalik Buterin’s Blog.
These are must read articles:
- Vili Lehdonvirta The blockchain paradox
- Steve Wilson What is consensus about?
- John Wolpert The Value of Being Stupid about Blockchain
- S. Balaji Quantifying Decentralization
- Colin Platt Analysing Costs & Benefits of Public Blockchains (with Data!)
- Su Zhu and Hasu “Skeptic’s guide to Bitcoin” series (1) (2) (3)
- Kai Stinchcombe Blockchain is not only crappy technology but a bad vision for the future [the headline & writing are outrageous, but there are some great points in the article]
Obviously, I also recommend my own articles, on this website (use the tags DLT and blockchain) and on my medium page:
- Blockchain technology — a very special kind of Distributed Database
- When do you need blockchain? Decision models
- The series “Decoding Blockchain” (1) (2) (3)