The Infinite Machine

How an Army of Crypto-hackers Is Building the Next Internet with Ethereum

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Camila Russo: The Infinite Machine (2020, Harper Business)

hardcover, 352 pages

Published July 14, 2020 by Harper Business.

ISBN:
978-0-06-288614-9
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2 stars (2 reviews)

"Everyone has heard of Bitcoin, but few know about the second-largest blockchain, Ethereum, which has been heralded as the "next internet."

The story of Ethereum begins with Vitalik Buterin, a supremely gift nineteen-year-old autodidact who saw the promise of blockchain when the technology was in its earliest stages. He convinced a crack group of coders to join him in his quest to make a supercharged global computer.

The Infinite Machine introduces Buterin's ingenious idea and unfolds Ethereum's chaotic beginnings. It then explores the brilliant innovation and reckless greed the platform--an infinitely adaptable foundation for experimentation and new applications--has unleashed and the consequences that resulted as the frenzy surrounding Ethereum grew: increased regulatory scrutiny, incipient Wall Street interest, and the founding team's effort to get the platform to scale so it can eventually be accessible to the masses.

Financial journalist and cryptocurrency expert Camila Russo details the wild and often hapless …

5 editions

reviewed The Infinite Machine by Camila Russo

Uncritical, overly positive, occasionally interesting

2 stars

This book is a fairly dry blow-by-blow of the creation of Ethereum, based on interviews with many of the people involved. It's fairly dull. Almost everything that happens in this book is given a positive spin. A few paragraphs close to the end are devoted to describing what essentially amounts to a payday loan via an app powered by Ethereum. Nothing is remarkable about the loan other than the way the money is transferred, but it's presented as a revolution in finance where everyone is happy with the result.

The book describes multiple security exploits and attacks, but uncritically papers over the flaws inherent in the design of the network (and the obvious failures of the developers to plan for abuse) by lauding the hacker skills involved in rescuing the network from destruction.

There's some things that were vaguely interesting here. Occasionally the author will veer into questions about the …

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rated it

2 stars