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The real problem with blockchain

Ten ATHAU tokens to the first 100 people who sign up for the AuthenticID Subreddit (and complete the ATHAU registration) and send an e-mail to [email protected] showing that they also got two other people to join that subreddit.

Blockchain is too complicated for the outside world.

This piece explains why it’s inevitable for blockchain to become a $100 trillion industry, noting what the current constraints are on that path.  And the constraints are many.

It came to mind  earlier this week when I was talking with an investment banker about the ICO of AuthenticID ( – which I am told is under consideration for the “Best White Paper of the Year” award from Smithandcrown) he talked about how investment banks tend to deal with a certain amount of risk when they talk with their investors – but that the current ICO market is so volatile, risky, and uncertain (not to mention unregulated) they are not quite sure what to do with it.  They want to promote it – but it’s such a different kind of risk and is measured in such different ways – they don’t know what to do with it – even as investors clamor.

What’s the real problem?

There was a thread earlier in the week about some comments from JPMorgan Chase CEO Jamie Dimon – he said “bitcoin is a fraud” and that drew a lot of attention.  On Reddit, where I posted a blog about it, some people pointed out that he did not mention blockchain or Ethereum – only bitcoin, like that was some vindication.  It reminded me of a Saturday Night Live skit when the first cigarette company (Chesterfield) to admit in front of congress that smoking causes cancer – the SNL team joked that the rest of the cigarette manufacturers said “YES – Chesterfield cigarettes cause cancer.”

There are a couple of basic problems (mentioned in the article above), but there are a couple of other...

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