The Truth Machine

The Truth Machine

The Blockchain and the Future of Everything

Book - 2018
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Paul Vigna and Michael J. Casey demystify the Internet's next big thing - the Blockchain - and explain why it can restore personal control over our data, assets, and identities and shift the balance of power to revive society's faith in itself. They reveal the disruption it promises for industries including finance, tech, legal, and shipping. This book reveals the empowerment possible when self-interested middlemen give way to the transparency of the blockchain, while highlighting the job losses, assertion of special interests, and threat to social cohesion that will accompany this shift.
Publisher: New York, NY : St Martin's Press, [2018]
Edition: First edition
Copyright Date: ©2018
ISBN: 9781250114570
Branch Call Number: 332.178 C2685T 2018
Characteristics: xii, 302 pages ; 25 cm
Additional Contributors: Vigna, Paul


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Mar 14, 2018

This book is a complete crock - - and it is really that simple. With a book like this with absolutely no mention of Dark Pools, and Internalization and ICE, or InterContinental Exchange, along with murky and obfuscatory descriptions of Credit Default Swaps, you know you are reading fiction as non-fiction! A pure crock of a book!
The authors even stoop so low as to claim that Warren Buffet // was vindicated \\ when the global economic meltdown occurred - - instead of mentioning the truth that Buffett lobbyied for the inclusion of credit default swaps and the larger category of credit derivatives in Dodd-Frank - - not to ban them!!!!
On p. 176 the authors state: // Public registry systems, in low-income countries, are prone to corruption and incompetence. . .\\
Guess these two dudes have never heard of MERS, MERSCorp, Covington and Burling, the global economic meltdown of 2007 to 2009, David Dayen's outstanding book, Chain of title, or many of the reports [a few below] detailing destruction of chain of title from MERS and those bankster machinations, et cetera?
This book reminds me of Enron some years back, when I read about its business model and said that it didn't make any sense, then pondered what I must have missed since so many business analysts proclaimed it brilliant. When it came to light that they had 300,000 offshore financial constructs to hide their gargantuan, Ponzi-scheme debt, those biz analysts turned out to be wrong, idiots, or liars!


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