{"id":3659,"date":"2018-01-01T00:28:37","date_gmt":"2018-01-01T00:28:37","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=3659"},"modified":"2021-03-23T11:11:44","modified_gmt":"2021-03-23T11:11:44","slug":"new-york-review-of-books-attack-of-the-50-foot-blockchain-is-a-sober-riposte-to-all-the-upbeat-forecasts-about-cryptocurrency","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2018\/01\/01\/new-york-review-of-books-attack-of-the-50-foot-blockchain-is-a-sober-riposte-to-all-the-upbeat-forecasts-about-cryptocurrency\/","title":{"rendered":"New York Review of Books: Attack of the 50 Foot Blockchain is &#8216;a sober riposte to all the upbeat forecasts about cryptocurrency&#8217;"},"content":{"rendered":"<p>Good Lord, I&#8217;m <a href=\"https:\/\/www.nybooks.com\/articles\/2018\/01\/18\/bitcoin-mania\/\">reviewed in the New York Review of Books<\/a>, <a href=\"https:\/\/www.nybooks.com\/issues\/2018\/01\/18\/\">18 January 2018<\/a>, by <a href=\"http:\/\/www.nybooks.com\/contributors\/sue-m-halpern\/\">Sue Halpern<\/a>!<\/p>\n<p>It&#8217;s a review of my book in tandem with Don and Alex Tapscott&#8217;s <em>Blockchain Revolution<\/em> (<a href=\"http:\/\/amzn.to\/2luhPsF\">UK<\/a>, <a href=\"http:\/\/amzn.to\/2EmUn8x\">US<\/a>). It&#8217;s actually a general article about Bitcoin with the books as flavouring\u00a0\u2014 not one that&#8217;s really derived from the content of either book. But still.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/01\/01\/new-york-review-of-books-attack-of-the-50-foot-blockchain-is-a-sober-riposte-to-all-the-upbeat-forecasts-about-cryptocurrency\/thomas-nast-inflation-cartoon\/\" rel=\"attachment wp-att-3668\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-3668\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/01\/thomas-nast-inflation-cartoon.jpg\" alt=\"\" width=\"80%\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/01\/thomas-nast-inflation-cartoon.jpg 900w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/01\/thomas-nast-inflation-cartoon-300x160.jpg 300w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/01\/thomas-nast-inflation-cartoon-768x410.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/01\/01\/new-york-review-of-books-attack-of-the-50-foot-blockchain-is-a-sober-riposte-to-all-the-upbeat-forecasts-about-cryptocurrency\/new-york-review-of-books-18-january-2018\/\" rel=\"attachment wp-att-3702\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-3702\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/01\/new-york-review-of-books-18-january-2018-220x300.jpg\" alt=\"\" width=\"220\" height=\"300\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/01\/new-york-review-of-books-18-january-2018-220x300.jpg 220w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/01\/new-york-review-of-books-18-january-2018-768x1045.jpg 768w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/01\/new-york-review-of-books-18-january-2018-752x1024.jpg 752w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/01\/new-york-review-of-books-18-january-2018.jpg 1600w\" sizes=\"auto, (max-width: 220px) 100vw, 220px\" \/><\/a><\/p>\n<p>I&#8217;m mentioned in two paragraphs. The first is about Bitcoin mining:\u00a0 &#8220;According to David Gerard\u2014whose new book, Attack of the Fifty Foot Blockchain, is a sober riposte to all the upbeat forecasts about cryptocurrency like the Tapscotts\u2019 \u2014 &#8216;By the end of 2016,&#8217; a single mining facility in China was using &#8216;over half the estimated power used by all of Google\u2019s data centres worldwide at the time.'&#8221; The second concerns exchanges: &#8220;Gerard notes that &#8216;as of March 2015, a full third of all Bitcoin exchanges&#8217; \u2014 where people stored their bitcoin \u2014 &#8216;up to then had been hacked, and nearly half had closed.'&#8221;<\/p>\n<p>For this sort of thing, it helps to be the one general critical book published in the last couple of years &#8230; I have Jeffrey Robinson&#8217;s 2014 book <em>BitCon: The Naked Truth about Bitcoin<\/em> here (<a href=\"http:\/\/amzn.to\/2BZQ1Cz\">UK<\/a>, <a href=\"http:\/\/amzn.to\/2EmdijT\">US<\/a>) and need to write it up.<\/p>\n<br><br><div align=\"center\"><p><a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\"><img src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/10\/become_a_patron_button.svg\" alt=\"Become a Patron!\" title=\"Become a Patron!\" width=217 height=51><\/a><br><p style=\"align:center;\" class=\"patreon-badge\"><i>Your subscriptions keep this site going. <a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\">Sign up today!<\/a><\/i><\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>The first review in a prominent literary context. I&#8217;m enormously pleased.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[205,12,212,334,332,333],"class_list":["post-3659","post","type-post","status-publish","format-standard","hentry","category-uncategorised","tag-alex-tapscott","tag-attack-of-the-50-foot-blockchain","tag-don-tapscott","tag-jeffrey-robinson","tag-new-york-review-of-books","tag-sue-halpern"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/3659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=3659"}],"version-history":[{"count":19,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/3659\/revisions"}],"predecessor-version":[{"id":19047,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/3659\/revisions\/19047"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=3659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=3659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=3659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}