Some non-technical observations about the blockchain
Max Kirouac - Sep 28, 2021
“I believe in blockchain technology, but I’m not a fan of Bitcoin.” I don’t own any cryptocurrencies now and I never have in the past, but that is not because of a lack of faith, but rather a lack of understanding. As a guiding principle, I refuse to invest in an asset class that I do not understand. The fact that cryptocurrencies were increasing in price was not reason enough to justify allocating dollars toward them. That being said, crypto has come to represent such a large portion of broader financial discourse that I decided I couldn’t justify being ignorant on the subject any longer. While I’m still far from an expert, I used the summer months to learn as much as I could about the blockchain technology that underlies cryptocurrencies. Here are a few non-technical observations I’ve made on the subject.