K
Kathleen Martin
Guest
New discoveries in science and technology typically come with hopes of rapid adaptation. Things rarely work out that way. A classic logic/math model can predict this result, known as the “Anna Karenina Principle.” This fundamental principle states: “A deficiency in any one of a number of factors dooms an endeavor to failure.”
Originally theorized from Leo Tolstoy’s, “Anna Karenina (1877),”1 which opens, “All happy families are alike; each unhappy family is unhappy in its own way.” Consider the assumption that happy families share common attributes which lead to happiness, while different attributes may cause unhappiness, thus, failure. In blockchain technology, we feel the attributes of Energy Consumption, Governance and Politics, Regulatory Compliance Consulting, Timing, and Technology are paramount attributes to consider.
We view blockchain through an analogous lens to Tolstoy’s work. Consider resemblance between blockchain and industry professionals as members of a not quite happy family. This family (financial and commercial transactions industry) have within it a teenager named Blockchain. It’s frustrating for mature family members to watch powerlessly as this teen tries to find her way in life. Their natural reaction is to grab for control, reduce independent choices and compound the frustration. This common story is even more frustrating for the teen, full of creative energy and passion but lacking in clear direction due to a fundamental lack of relevant experience. But our teen is defiant to allow her dreams to be stifled, causing cycles of yet more power grabbing and frustration. We discuss challenges and advise this “teenager” to help find the environment in which the family can be happy. To help the teen avoid self-destruction along the way, and still allow space for creative development, we offer this first of a series of articles that address what we believe defines blockchain’s current challenges and offer suggestions to maneuver around them to achieve full potential as an important contributor to business and society. Let’s examine Energy Consumption.
Energy consumption concerns: “Only entropy comes easy”2
Entropy simply defines how a system left unconstrained will seek to randomly dispersed into chaos. For blockchain, the order is maintained by timestamping transactions as they are recorded and that requires resources to maintain them in the form of electrical energy.
In early civilization, the world seemed to hold an infinite wealth of resources and it seemed impossible for people to see how they could really cause irreparable damage. In recent history, we overcame obstacles and used resources to constrain chaos and create luxurious lives in the most inhospitable places on earth—hot and humid Florida, the dry deserts of Arizona and the snowy mountains of Alaska. Developing regions of the world fight to “catch-up” to a higher standard of living by investing more in “old school” power generation using more resources, typically in the form of limited fossil fuels.
Continue reading: https://coingeek.com/why-blockchain-has-not-yet-become-widely-used-and-what-will-it-take-to-make-it-happen/
Originally theorized from Leo Tolstoy’s, “Anna Karenina (1877),”1 which opens, “All happy families are alike; each unhappy family is unhappy in its own way.” Consider the assumption that happy families share common attributes which lead to happiness, while different attributes may cause unhappiness, thus, failure. In blockchain technology, we feel the attributes of Energy Consumption, Governance and Politics, Regulatory Compliance Consulting, Timing, and Technology are paramount attributes to consider.
We view blockchain through an analogous lens to Tolstoy’s work. Consider resemblance between blockchain and industry professionals as members of a not quite happy family. This family (financial and commercial transactions industry) have within it a teenager named Blockchain. It’s frustrating for mature family members to watch powerlessly as this teen tries to find her way in life. Their natural reaction is to grab for control, reduce independent choices and compound the frustration. This common story is even more frustrating for the teen, full of creative energy and passion but lacking in clear direction due to a fundamental lack of relevant experience. But our teen is defiant to allow her dreams to be stifled, causing cycles of yet more power grabbing and frustration. We discuss challenges and advise this “teenager” to help find the environment in which the family can be happy. To help the teen avoid self-destruction along the way, and still allow space for creative development, we offer this first of a series of articles that address what we believe defines blockchain’s current challenges and offer suggestions to maneuver around them to achieve full potential as an important contributor to business and society. Let’s examine Energy Consumption.
Energy consumption concerns: “Only entropy comes easy”2
Entropy simply defines how a system left unconstrained will seek to randomly dispersed into chaos. For blockchain, the order is maintained by timestamping transactions as they are recorded and that requires resources to maintain them in the form of electrical energy.
In early civilization, the world seemed to hold an infinite wealth of resources and it seemed impossible for people to see how they could really cause irreparable damage. In recent history, we overcame obstacles and used resources to constrain chaos and create luxurious lives in the most inhospitable places on earth—hot and humid Florida, the dry deserts of Arizona and the snowy mountains of Alaska. Developing regions of the world fight to “catch-up” to a higher standard of living by investing more in “old school” power generation using more resources, typically in the form of limited fossil fuels.
Continue reading: https://coingeek.com/why-blockchain-has-not-yet-become-widely-used-and-what-will-it-take-to-make-it-happen/
