Blockchain Bubble or Revolution Quotes

“The blockchain… is the biggest innovation in computer science—the idea of a distributed database where trust is established through mass collaboration and clever code rather than through a powerful institution that does the authentication and the settlement. —Don Tapscott, author of The Blockchain Revolution[575]”
― Neel Mehta, Blockchain Bubble or Revolution: The Present and Future of Blockchain and Cryptocurrencies

“These properties led art critics to hail the blockchain as the potential future of arts and culture: there’s finally a way to prove that you, and only you, own a piece of digital art.”
― Neel Mehta, Blockchain Bubble or Revolution: The Present and Future of Blockchain and Cryptocurrencies

“The traditional currency on Yap is giant stone rings known as rai stones. These stones are massive: some reach ten feet across[33] and weigh as much as a pickup truck.”
― Neel Mehta, Blockchain Bubble or Revolution: The Present and Future of Blockchain and Cryptocurrencies

“Bitcoin isn’t the only cryptocurrency in town. There are well over 2000 competing cryptocurrencies, known as altcoins,[410] each with its own features, mining algorithms, and (in some cases) blockchains. Some are specialized for particular kinds of payments, others aim to build a platform for apps, and others just seek to improve on Bitcoin’s flaws. Altcoins have gotten bigger and bigger over time — Bitcoin controlled 90% of the cryptocurrency market back in 2015 but just over 60% at the time of writing.”
― Neel Mehta, Blockchain Bubble or Revolution: The Present and Future of Blockchain and Cryptocurrencies

“Bitcoin is a strange financial instrument that is both a currency and an investment. You can use bitcoins to buy and sell things online, or you can buy and hold (or hodl) bitcoins in the hopes of turning a profit. Bitcoin is like Venmo (or PayPal), but if you sent and received stocks. This makes Bitcoin a truly unique financial invention”
― Neel Mehta, Blockchain Bubble or Revolution: The Present and Future of Blockchain and Cryptocurrencies

“Bitcoin’s annual energy consumption skyrocketed from about 6 terawatt-hours (roughly the annual power consumption of Luxembourg) in 2017 to over 80 terawatt-hours (roughly the annual power consumption of Finland) in 2020.”
― Neel Mehta, Blockchain Bubble or Revolution: The Present and Future of Blockchain and Cryptocurrencies