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The Bitcoin Letters: Blockchain vs Cryptocurrency

My Blog

The Bitcoin Letters: Blockchain vs Cryptocurrency

Bryan Daugherty discusses the difference between blockchain and cryptocurrency.

Bryan Daugherty, the Public Policy Director at Bitcoin Association, has published his new book The Bitcoin Letters. The book aims to help readers unlock the mysteries surrounding Bitcoin and important concepts such as sustainability, regulation, and the transformation to Web2 and Web3.

Bitcoin has taken the world by storm, but there are still many misconceptions about the technology. Through thoughtful analysis and engaging writing, readers will gain a deeper understanding of the intricacies of Bitcoin and how it is shaping the future of finance.

Additionally, the book includes three letters written to industry leaders – Elon Musk, NYS Governor Hochul, and SEC Chair Gary Gensler – that provide unique insight into the world of Bitcoin.

Blockchain vs Cryptocurrency

One of the key topics discussed in the book is Blockchain vs Cryptocurrency. This section discusses the potential of blockchain technology beyond cryptocurrencies and the need to recognise its transformative capabilities in various fields. While cryptocurrencies are often viewed as the primary application of blockchain technology, blockchain has a non-exhaustive list of potential applications, which aim to replace today’s legacy infrastructure.

Daugherty also argues that there is a damaging conflation between blockchain technology and cryptocurrencies, and that this has resulted in a limited understanding of blockchain’s transformative potential. Proponents of cryptocurrencies argue that they can foster financial inclusion and increase efficiency. However, in reality, most are only seeking to deceive consumers and investors with the false promise of digital transformation.

To address this issue, Daugherty advocates for public policies that recognise the broader potential of blockchain technology and create a more nuanced understanding of the technology and its capabilities.

The section also provides an overview of recent advocacy efforts by Daugherty, which include engaging with US lawmakers and regulators to discuss the benefits and use cases of blockchain technology in various industries such as agriculture, forestry, and cannabis tracking. He has also engaged with the EU Commission and Parliament to discuss important topics such as scaling, security, consumer protection, environmental impact, IPv6, and the data economy.

Buy your copy of The Bitcoin Letters now

The Bitcoin Letters is now available in both Kindle ($9.99) and paperback ($19.95) formats on Amazon. But for readers who want to experience the full potential of web3 technology, there’s an even better option. By downloading the ImmutableBooks.com app, you can purchase the eBook by page, chapter, or in its entirety, using a pay-per-consumption model that only charges you for the content you read.

ImmutableBooks.com is user-friendly and secure, powered by the latest blockchain technology to ensure complete privacy and safety for its users. It’s a revolutionary platform that offers unparalleled transparency, security, and immutability in content distribution.

About Bryan Daugherty

Bryan Daugherty is an accomplished digital transformation specialist with over two decades of experience in enterprise-grade technologies. Daugherty serves as the Global Public Policy Director for an educative, non-profit trade association, where he advises policymakers in over 30 countries, playing a key role in shaping the future of blockchain policy globally.

His area of expertise includes Blockchain Information Security, Cybersecurity, Enterprise Blockchain Integration & Implementation, and Commercial Blockchain Application Development.

Ryan Brothwell

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