Australia’s ‘Who Wants to be a Millionaire’ Brainteaser: Is Bitcoin Backed by Brickstring or Blockchain?
A Bitcoin brainteaser recently featured on Australian version of “Who Wants to be a Millionaire?” is raising a new thinking of looking at blockchain as brickstring. The show featured a question about what the technology backing cryptocurrencies like bitcoin is called, and had options that included “brickstring”. Whether the contestant got it right outrightly or had to “phone a nerd” to figure the answer out is half as important as looking at backstring as metaphor for blockchain.
What’s So Strange About Looking at Blockchain Technology as a Brickstring?
A brickstring comes to play after all when we build a house the construction workers lay the bricks in an interlocking pattern. It seems logical to argue that this is the same concept of blockchain.
Although, the show did not allow for a debate, it’d be nice to see industry experts debate this. You never know, perhaps a debate like that may finally bring more clarity to the nascent industry and endear more players who may boast better understanding.
This should get many interested investors to not only recognize bitcoin and cryptocurrency but for them to actually invest.
Cryptocurrency and blockchain education could also help remove the fears that keep potential investors on the sidelines and create along with it a secure storage/custodial options. Bitcoin’s appearance on the game show is a pointer to the fact that the years of organic publicity for blockchain technology has brought in the rewards.
Avenues for newcomers such as a possible ETF, institutional custodial products, and other trading vehicles will further help to consolidate on these wins.