…nce of connecting computers together to do things. As a fundamental technique, blockchains are new. And in this branch of technology, genuinely new ideas move billions of dollars and set the direction of industries for decades. They are rare.
…e mess of them) lurking just under the surface. Amazon, Facebook, all of that — it’s all databases. Every time a customer service assistant shrugs and says “computer says no” or an organization acts in crazy, inflexible ways, odds-are there’s a database underneath which has a limited, rigid view of reality and it’s simply too expensive to fix the software to make the organization more intelligent. We live in these boxes, as pervasive as oxygen, and as inflexible as punched cards.