Cover of The Infinite Machine

The Infinite Machine

Camila Russo

May 2022
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TechnologyHistory

A history of Ethereum and its development as a technological innovation in cryptocurrency and blockchain.

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To grossly simplify the two cultures, if Bitcoiners were typically hard-core libertarian and carnivore, Ethereans leaned more liberal and vegetarian.

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And blockchains didn’t fix everything. They made everything slower, and harder. It made sense to use them only in very specific situations. Smart contracts didn’t make invincible applications. They’re difficult to code, and the use cases weren’t so obvious anymore. Suddenly, after the reality check of the hard fork, Ethereum didn’t feel like a magical, happy revolution. More and more, blockchain technology just seemed like some boring tool for businesses.