Tone Vays: Demystifying the Blockchain, Avoiding Digital Snake Oil

Fergus Hodgson, 30 December 2016 rss iTunes SoundCloud-logo


If you don’t know what the blockchain is, you are not alone, and Peter Van Valkenburgh of the Coin Center has written that it is a “buzzword with little meaning.”

Another skeptic when it comes to many companies in the blockchain and cryptocurrency domain is Tone Vays. An independent consultant and participant in the Bitcoin Group program, Vays has many warnings for the newcomer, and his belief is that only bitcoin will survive as the natural monopoly for cryptocurrency. In particular, he explains that bitcoin sells itself, based on its innovation alone, without the need for a marketing team.

(Distributed Lab)

Tone Vays has showed particular concern for the instability and hype of Steemit, and debated publicly against it. (Distributed Lab)

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Fergus Hodgson (@FergHodgson) is an economic consultant and Gold Newsletter‘s roving editor.