Joi Ito's conversation with the living web.

Recently in the Cryptocurrency Category

Conversation with Robleh Ali, former head of the Digital Currencies team at the Bank of England »

A conversation with Robleh Ali, the former head of the the Digital Currencies team at the Bank of England. It was a wide ranging conversation about Bitcoin, economics and the role of central banks and regulators. Audio of the conversation is available on SoundCloud and iTunes....

Neha Narula, Research Director of MIT Digital Currency Initiative »

Neha Narula wrote a post on Medium last Monday about the MIT Digital Currency Initiative at the Media Lab (DCI) and her new role as the Research Director. Also on Monday, TED posted her talk on the future of money, which I think is one of clearest "what is Bitcoin" explanations I've seen. I saw her a few days later and did a Facebook Live conversation with her which I've uploaded to YouTube, SoundCloud and iTunes. Neha has been working as a member of the DCI for awhile now, but in this new role, she will drive the technical...

The Fintech Bubble »

Photo by Martin Thomas via Flickr - CC-BY In 2015, I wrote a blog post about how I thought that Bitcoin was similar in many ways to the Internet. The metaphor that I used was that Bitcoin was like email - the first killer app - and that the Bitcoin Blockchain was like The Internet - the infrastructure that was deployed to support it but that could be used for so many other things. I suggested that The Blockchain was to finance and law what the Internet was to media and advertising. I still believe it is true, but...

Reinventing Bookkeeping and Accounting (In Search of Certainty) »

Accounting underlies finance, business, and enables the levying of taxes for raising armies, building cities, and managing resources at scale. In fact, it is the way that the world keeps track of almost everything of value. Accounting predates money, and was originally used by ancient communities to track and manage their limited resources. There are accounting records from Mesopotamia dating back more than 7,000 years, listing the exchange of goods. Over time, accounting became the language and information infrastructure for trade. Accounting and auditing enabled the creation of vast empires, such as those built by the Egyptians and the...

My view on the current situation of Bitcoin and the Blockchain »

In a previous post, I wrote that I believe the Blockchain has the potential to be as disruptive -- and unlock as much opportunity and innovation -- as the Internet and that it could become a ubiquitous, interoperable, reliable, low-cost network for transactions of various kinds. But along with that enormous potential, the Blockchain also faces challenges that are similar to, but in many ways very different from what we had and continue to have with the Internet and the Open Web. I'm worried about the current situation of Bitcoin and the Blockchain. Partially driven by the overinvestment in the...

Announcing the MIT Media Lab Digital Currency Initiative »

As Bitcoin continues to gain momentum and capture the interest of entrepreneurs, hackers, businesses, policymakers, and academics, we have decided to launch an Initiative at the MIT Media Lab, with participation from faculty and students from across the Institute, focusing on Bitcoin and more generally cryptocurrencies. The Initiative will explore vital research topics that our faculty and students will engage in with the support and participation of some Media Lab member companies. The students running the MIT Bitcoin Club, the MIT Bitcoin Project, and the various events including the Bitcoin Expo have been a key part of getting this...

Why Bitcoin is and isn't like the Internet »

In the post that follows I'm trying to develop what I see to be strong analogues to another crucial period/turning point in the history of technology, but like all such comparisons, the differences are as illuminating as the similarities. I'm still not sure how far I should be stretching the metaphors, but it feels like we might be able to learn a lot about the future of Bitcoin from the history of the Internet. This is my first post about Bitcoin and I'm really looking more for reactions and new ideas than trying to prove a point. Feedback and links...
Whiplash by Joi Ito and Jeff Howe
Freesouls by Joi Ito

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