Bitcoin Songsheet: How Science Became A Fiat Hype Machine Today

Posted on

This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience.

We’ve all heard the hype. Nano-technology, quantum computing and cold fusion. They’re supposed to come real soon and change everything. Tiny machines that build skyscrapers from dirt. Computers with enough computing power for general AI. Cold fusion that will give us limitless clean energy. They’ve been a part of public imagination for decades.

These technologies have entered the public consciousness through popular magazine articles written by people that fancy themselves as scientists and engineers but are closer to second-rate sci-fi writers, the kind that think putting the word “blockchain” in a story makes them all hip and in-the-know. Their speciality is writing fanciful stories promoting some defunct economist’s vision rather than saying anything realistic.