Posts Tagged ‘society’

There’s been a lot of churn lately over the price of Bitcoin. There’s also been much talk about uses (commercial and otherwise) for the blockchain technology that underlies it. I’ve taken an interest, as of late, in the subject and I found a promising source of information in the Michael J Casey, Paul Vigna book The Truth Machine.

If you’re looking for a book on how to write blockchain software. This book isn’t going to be of much interest to you. If you have interest in the history of the technology, its applications and societal impacts, you will find it to be a solid read.

Bitcoin and  Ethereum, and the like are discussed with enough depth to provide non-developers a good sense of use cases. This is after all the point of a technology. Otherwise you’ve got yourself shelfware. All the major players are discussed running the gamut from crypto-anarchists to Wall Street bankers. I find the dynamic of these two extremes battling over this technology fascinating.

One definitely comes away with the sense that the technology is still very much a work in progress. Personally, I find it unfortunate that the public sees it as another get-rich-quick methodology. This loops back to the volatility of the Coin markets.

Another, and arguably more important, takeaway is that the systems currently in place do not scale (or at least have yet to be proven to scale). That Bitcoin can process six transactions per second in a world where Visa processed ten thousand is quite telling.

The underlying problem of who’s in charge comes to mind. Without some form of human governance, poor programming will result in bad actors taking advantage of the system. Nowhere does the book address the issue of longevity. The thing about paper (or animal hide for that matter) is that it has a permanence that has proven itself outside of our advances in storage technology. If we did move to a blockchain-based system of ownership tracking, what happens when another, better one comes along? What will the impact of quantum computing be in a world where work is proportional to CPU expended? What happens when people decide that it’s easier to steal the resources used to mine the coin?

I only have a few issues with the book.

First, for a book on a complex technological subject, I expect extra fact checking. I noticed two rookie mistakes in this department. ASIC is defined as ‘Application-Specific Integrated Chips’ whereas it should be ‘Application-Specific Integrated Circuit.’ It also doesn’t require quotes. In the realm of techno-history, the authors attributed Public-Key Cryptography to Whitfield Diffie and Martin Hellman. This is of course incorrect. That distinction belongs to James H Ellis (at least until the NSA owns up to when they started using it). Although his work was once classified, it have been publicly recognized for some time now.

Second, the book wanders off the path of techno-history and into the realm of  conspiracy theory and political opinion when they introduce ‘speculation’ of hacking in the MH370 incident and spend the bulk of the last chapter on the latter.

On the whole, I found the book to be a very good and current survey of the landscape of blockchain technology and its history.


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The Chrysanthemum and The Sword is an exploration of what makes the Japanese tick. At least from the standpoint of a early 20th century scholar. Ruth Benedict was one of that era’s foremost anthropologist.

I could go into the interesting discussion of how the American and Japanese cultures are compared and contrasted. Or how she describes the Japanese approach to Buddhism as being free of non-corporeal entanglements. I’ll leave those to the earnest reader.

What made the greatest impression on me was the lengthy and detailed exploration of on (恩) and giri (義理). These can broadly thought of as debt and obligation. In the west, we have a fixation on equivalent exchange. We like to pretend that there is nothing which cannot be fully bought and paid for. The Japanese fully recognize that this is not the case and have build a society around the concepts of overlapping obligations.

One that I have always found difficult to explain is that of shogimu (諸義務) or obligation to one’s teacher/mentor. This is always an asymmetrical relationship. The apprentice has nothing to offer in exchange in comparison to what they are given. In the west, we, as they say, “just take the money and run.” This is especially true in regard to the attitude of Googling for the answers. People have come to believe that they can monetize the collected knowledge of the world without cost to themselves. The problem comes not to this first generation, but to the second and finally fully realized in the third generation of internet users. The problem is that of who supplies the knowledge.

One of the big complaints of the pre-internet era was how big companies hoarded knowledge, making it available only at a premium. Should it not be free to all? Between the small band of developers (relatively speaking) who contributed to open source, the internet and google, we find ourselves in a place where you don’t need a master to monetize. And so rather than having to pay for software as a function of complexity and craftsmanship, we tolerate mediocre software because it’s free (with ads or in exchange for our personal information).

Meanwhile that high quality software we wouldn’t pay for when it was $400 with a year of updates, we will pay for when it’s a $120 annual subscription to a cloud service. Except that now if we stop paying, we lose access.

But back to the thorny question. Do we really believe that the Google-for-code and I-built-it-all-from-other-people’s-stuff crowd are going to give back to the community? What will happen when those who made all these goodies possible and available retire? If we take the C++ community as an example, there are hundreds supporting millions. This doesn’t scale.

Answers? Nope.

Thoughts? Some.

Personally, I’ve got a bucket full of on, so I should get back to it.

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The problem with the world today is the availability of interesting things to read.

Chrystia Freeland’sPlutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else” is a good example.

Her exploration of the 1% and the .1% makes for fascinating reading.

She uses both contemporary and historic examples to illustrate the emergence and issues of this class.

I found her assertion that the elite have become stateless amusing within the context of an ever more nationalized world.

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