As it is an engineering blog it is only appropriate to also include in it newest so-call financial engineering products and services especially when they are being peddled to broader audience and not just to specific IT/Fintech Astroturf.
One such product or rather concept is a concept of Bitcoin (moniker: BTC) that is being pushed as a form of digital crypto-money (cryptocurrency) supposedly with a novel/innovative 21st century characteristic namely: no bank or any concentrated dedicated intermediary needed.
Although you can read about Bitcoin in Wikipedia and still I encourage you to do so, you will find there a bunch of obfuscations, simplifications and lots of tautologies, Astroturf hype and particular interests, peddled there and elsewhere like on a the Bitcoin Foundation website [I will include some links later in the post] it is of utmost importance to cut through most of this promotional bullshit only misleading newcomers to the subject as to what primarily Bitcoin is all about and what and whose interest it really serves.
With all the promises and hype, It still seems unlikely to see AI driven driverless cars (AV) as mass substitution for human-driven cars in near or perhaps in far future, short of specialty niches in application for elderly, young or disabled people. But why? What is the hold up?
I greatly appreciate efforts of millions of hard-working down-to-earth American software engineers from Silicon Valley and elsewhere in the US who, with sweat of their brow, built backbone of world digital revolution in all fields of engineering. However, with heavy heart I must say that, as it has been clear for a while to everyone, except for bloated media gurus, and their sedated, gluttonous former revolutionary prophets of new digital age, that Silicon Valley has become serious or fatal impediment to further development of digital technology and software engineering. Similarly useless have become their ill-conceived, insane ideas of fake novelty, which only purpose nowadays is to obstruct, sleaze, slime, hype and expel odorous gases of their inventors’ digestive track before spatter us with their next creative destruction diarrhea.