Yes, it’s driven by greed — but the mania for cryptocurrency could wind up building something much more important than wealth.
The blockchain may seem like the very worst of speculative capitalism right now, and yes, it is demonically challenging to understand. But the beautiful thing about open protocols is that they can be steered in surprising new directions by the people who discover and champion them in their infancy. Right now, the only real hope for a revival of the open-protocol ethos lies in the blockchain…
(Via New York Times)