It is a long weekend with Father’s Day and Juneteenth back-to-back.
I spent most of yesterday enjoying sunshine and alcohol and felt a brief moment of regret for not having written anything.
I suppose I must write “not nothing” for the week just for the sake of checking the writer’s box.
So let’s talk about crypto and Henry Ford.
There are a lot of people who are excited about distributed public ledgers and how that technology can be used in the future. There is also a lot of crazy stuff happening in the crypto space in the name of decentralized finance via distributed ledgers.
I say that carefully.
A lot of stuff that sounds like decentralized finance today, isn’t. It is just re-centralized. This is an unfortunate distraction and it will give distributed ledgers a worse hangover than the Apple Newton gave to touch screens and PDAs.
I respect everyone for their strong negative emotional reactions to the crypto marketplace. I truly empathize with you for your losses if you have them.
For the people who do not see the use for distributed ledgers, I am happy to give you three to five good examples of useful distributed ledgers if you ask me for them directly. I am old enough not to be interested in a general public dismissal of my excited-for-the-future opinions.
Furthermore, if you are in the Venn diagram circle described above, just remember we are on the verge of cars that drive themselves. When cars were first invented Henry Ford made an eloquent statement:
“If I would have asked people what they wanted, they would have said faster horses.”
So when you poo-poo my statements you should understand that in my head I am hearing the sound of a horse galloping away after someone mashed the “Playback 1.5x” button.
See you next week at our regularly scheduled time!
