Don joins his son Alex on a new article published for TIME Ideas. The Tapscotts write:
It appears that once again, the technological genie has been unleashed from its bottle. Summoned by an unknown person or persons at an uncertain time in history, the genie is now at our service for another kick at the can—to transform the economic power grid and the old order of human affairs for the better.
We’re not talking about the social web, artificial intelligence, big data, robotics or even self-driving cars. We’re talking about the blockchain, the technology behind digital currencies like Bitcoin. Block. Chain. OK, not the most sonorous word ever– it sounds like a combination of blocking and tackling and chain gang. Sonorous or not, this technology represents nothing less than the second generation of the Internet, and it holds the potential to transform money, business, government and society. Let us explain.
I have a friend that, whenever I start promoting the value of Bitcoin and the blockchain, he keeps telling me that the government (NSA, etc…) is able to track who makes Bitcoin transactions and they are able to pinpoint the exact location of the person making the transaction.
Is this true? I thought blockchain transactions were able to be tied to a single individual.
Actually the opposite is true. All transactions on the Bitcoin blockchain for example are anonymous and private and can’t be hacked by anyone. Great if you both pick up a copy of Blockchain Revolution to read about this.