What Bitcoin Did with Peter McCormack

Jimmy Song on The Blockchain Revolution Myth

06.04.2019 - By Peter McCormackPlay

Download our free app to listen on your phone

Download on the App StoreGet it on Google Play

Interview location: Oslo

Interview date: Wednesday 29th May, 2019

Company: Jimmy Song Consulting

Role: Bitcoin Expert WitnessThe Blockchain Revolution: decentralising the world and taking power away from the elite. Five years on, there is not a single, notable example of a successful breakthrough application of a blockchain outside of money. Arguably, there is not a single breakthrough application of a blockchain outside of Bitcoin.While some may point to Ethereum as a success, but now the ICO bubble has burst, even the fundraising use case has done nothing but create more failed blockchain projects. Ethereum’s struggles highlighted with growing discontent amongst developers and Consensys shopping for a $200m fundraise while cutting staff and failed projects.Why has blockchain become a thing? Why do “experts” continue to push the technology, looking for a problem for the blockchain solution? Are people disingenuous, are they filled with hopium for their bags held, or are they straight up scammers?In this episode, I talk with Bitcoin OG, Jimmy Song about the myth of the blockchain revolution. Jimmy Song explains what a blockchain is, why the only real use case is for money, the problem with Ethereum, and why Gigameg blocks won’t work.-----If you enjoy The What Bitcoin Did Podcast you can help support the show my doing the following:Become a Patron and get access to shows early or help contributeMake a tip:

Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S

QR Codes: Bitcoin | Ethereum | Litecoin | Monero | ZCash | Ripplecoin

If you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

More episodes from What Bitcoin Did with Peter McCormack