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PROOF OF STAKE

THE MAKING OF ETHEREUM AND THE PHILOSOPHY OF BLOCKCHAINS

Numerate computer whizzes are the key audience, but there’s something for lesser mortals on most pages.

A wonky excursion into the world of cryptocurrency and computer-generated governance.

Bitcoin uses an elaborate set of algorithms to provide “proof of work,” showing that a computer has been active in its role of “mining” digital coinage. Ethereum, founded by Buterin (b. 1994), aims for “proof of stake”—i.e., that participants in its digital realm demonstrate their legitimacy by virtue of their holdings alone, buying and selling them ethically without trying to game the system. In this collection of writings, mostly blog posts and talks, the famed billionaire who sleeps on other people’s couches takes on heady matters: the nature of the blockchain mechanism that safeguards crypto transactions and that may have broader uses as furthering a “way to pool together our money and support public projects that help create the society we want to see”; the seigniorage aspect of cryptocurrency; the extensibility of crypto techniques to develop decentralized business agreements and contracts. Blockchains, the be-all and end-all in some cryptolibertarian systems, are in Buterin’s eyes merely convenient means to ends, “simply marginally better than the next available tool for the job.” Nevertheless, they have allowed the author to reimagine Ethereum as not just a marketplace, but a platform for social change: more equitable justice provided by a kind of open-source judiciary, a means of decentralizing power to put it into the hands (and keyboards) of ordinary people, not governments or corporations. Buterin is an earnest and decidedly technical writer; it helps to know mathematics, economics, and computer science to follow some of his denser arguments. Yet he has a playful side, too, as when he unveils a game called 1.58-dimensional chess,” so named “because the twenty-seven open squares are chosen according to a pattern based in the Sierpinski triangle.”

Numerate computer whizzes are the key audience, but there’s something for lesser mortals on most pages.

Pub Date: Sept. 13, 2022

ISBN: 978-1-64421-248-6

Page Count: 256

Publisher: Seven Stories

Review Posted Online: Aug. 10, 2022

Kirkus Reviews Issue: Sept. 1, 2022

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ABUNDANCE

Cogent, well-timed ideas for meeting today’s biggest challenges.

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Helping liberals get out of their own way.

Klein, a New York Times columnist, and Thompson, an Atlantic staffer, lean to the left, but they aren’t interrogating the usual suspects. Aware that many conservatives have no interest in their opinions, the authors target their own side’s “pathologies.” Why do red states greenlight the kind of renewable energy projects that often languish in blue states? Why does liberal California have the nation’s most severe homelessness and housing affordability crises? One big reason: Liberal leadership has ensnared itself in a web of well-intentioned yet often onerous “goals, standards, and rules.” This “procedural kludge,” partially shaped by lawyers who pioneered a “democracy by lawsuit” strategy in the 1960s, threatens to stymie key breakthroughs. Consider the anti-pollution laws passed after World War II. In the decades since, homeowners’ groups in liberal locales have cited such statutes in lawsuits meant to stop new affordable housing. Today, these laws “block the clean energy projects” required to tackle climate change. Nuclear energy is “inarguably safer” than the fossil fuel variety, but because Washington doesn’t always “properly weigh risk,” it almost never builds new reactors. Meanwhile, technologies that may cure disease or slash the carbon footprint of cement production benefit from government support, but too often the grant process “rewards caution and punishes outsider thinking.” The authors call this style of governing “everything-bagel liberalism,” so named because of its many government mandates. Instead, they envision “a politics of abundance” that would remake travel, work, and health. This won’t happen without “changing the processes that make building and inventing so hard.” It’s time, then, to scrutinize everything from municipal zoning regulations to the paperwork requirements for scientists getting federal funding. The authors’ debut as a duo is very smart and eminently useful.

Cogent, well-timed ideas for meeting today’s biggest challenges.

Pub Date: March 18, 2025

ISBN: 9781668023488

Page Count: 320

Publisher: Avid Reader Press

Review Posted Online: Jan. 16, 2025

Kirkus Reviews Issue: Feb. 15, 2025

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WHO KNEW

MY STORY

Highly instructive for would-be tycoons, with plenty of entertaining interludes.

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Well-crafted memoir by the noted media mogul.

Diller’s home life as a youngster was anything but happy; as he writes early on, “The household I grew up in was perfectly dysfunctional.” His mother lived in her own world, his father was knee-deep in business deals, his brother was a heroin addict, and he tried to play by all the rules in order to allay “my fear of the consequences from my incipient homosexuality.” Somehow he fell into the orbit of show business figures like Lew Wasserman (“I was once arrested for joy-riding in Mrs. Wasserman’s Bentley”) and decided that Hollywood offered the right kind of escape. Starting in the proverbial mailroom, he worked his way up to be a junior talent agent, then scrambled up the ladder to become a high-up executive at ABC, head of Paramount and Fox, and an internet pioneer who invested in Match.com and took over a revitalized Ticketmaster. None of that ascent was easy, and Diller documents several key failures along the way, including boardroom betrayals (“What a monumental dope I’d been. They’d taken over the company—in a merger I’d created—with venality and duplicity”) and strategic missteps. It’s no news that the corporate world is rife with misbehavior, but the better part of Diller’s book is his dish on the players: He meets Jack Nicholson at the William Morris Agency, “wandering through the halls, looking for anyone who’d pay attention to him”; hangs out with Warren Beatty, ever on the make; mispronounces Barbra Streisand’s name (“her glare at me as she walked out would have fried a fish”); learns a remedy for prostatitis from Katharine Hepburn (“My father was an expert urological surgeon, and I know what I’m doing”); and much more in one of the better show-biz memoirs to appear in recent years.

Highly instructive for would-be tycoons, with plenty of entertaining interludes.

Pub Date: May 20, 2025

ISBN: 9780593317877

Page Count: 352

Publisher: Simon & Schuster

Review Posted Online: May 12, 2025

Kirkus Reviews Issue: June 15, 2025

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