Excerpts from a really good article by Steven Johnson in the New York Times.

The real promise of these new technologies, many of their evangelists believe, lies not in displacing our currencies but in replacing much of what we now think of as the internet, while at the same time returning the online world to a more decentralized and egalitarian system. If you believe the evangelists, the blockchain is the future. But it is also a way of getting back to the internet’s roots.

After a period of experimentation in which we dabbled in social-media start-ups like Myspace and Friendster, the market settled on what is essentially a proprietary standard for establishing who you are and whom you know. That standard is Facebook.

What Nakamoto ushered into the world was a way of agreeing on the contents of a database without anyone being “in charge” of the database, and a way of compensating people for helping make that database more valuable, without those people being on an official payroll or owning shares in a corporate entity.

If you think the internet is not working in its current incarnation, you can’t change the system through think-pieces and F.C.C. regulations alone. You need new code.

As Blockchain gains more acceptance (not talking about cryptocurrencies now but the underlying tech) I’m seeing more and more metaphors that try to help people grasp the concept. This article compares Blockchain to sharing Google Docs, as opposed to bouncing a MS Word doc back and forth. The DNA metaphor didn’t really work for me. My favorite was the transparent safes (from online forum Bitcoin Talk).

“Imagine there are a bunch of safes lined up in a giant room somewhere. Each safe has a number on it identifying it, and each safe has a slot that allows people to drop money into it. The safes are all made of bulletproof glass, so anybody can see how much is in any given safe, and anybody can put money in any safe. When you open a bitcoin account, you are given an empty safe and the key to that safe. You take note of which number is on your safe, and when somebody wants to send you money, you tell them which safe is yours, and they can go drop money in the slot.”

This reminds me of the early days of “the cloud” and how people struggled to comprehend where their files were if they weren’t on their computer.