The book delves into the rise of decentralized systems, particularly in the context of blockchain technology and cryptocurrencies. The authors discuss the infamous Mt. Gox incident, where approximately $470 million in Bitcoins vanished, showcasing the vulnerabilities and challenges of these emerging technologies. Despite these setbacks, the book argues that decentralized systems offer significant opportunities for innovation and efficiency. For instance, the University of Nicosia and the Holberton School of Software Engineering have begun tracking academic credentials on the blockchain, demonstrating practical applications beyond finance. | Erik Brynjolfsson | Machine, Platform, Crowd

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The Rise of Decentralized Systems

The book delves into the rise of decentralized systems, particularly in the context of blockchain technology and cryptocurrencies. The authors discuss the infamous Mt. Gox incident, where approximately $470 million in Bitcoins vanished, showcasing the vulnerabilities and challenges of these emerging technologies. Despite these setbacks, the book argues that decentralized systems offer significant opportunities for innovation and efficiency. For instance, the University of Nicosia and the Holberton School of Software Engineering have begun tracking academic credentials on the blockchain, demonstrating practical applications beyond finance.

-- Erik Brynjolfsson