At Modern Consensus, we spend a lot of time around our decentralized water cooler debating the finer points of blockchain. Is crypto in its current state an investment? When you buy it, are you speculating? Investing? Or just gambling? That’s a question we will put aside on Saturday for the greatest two and a half minutes in speculative analysis: the Kentucky Derby. Thoroughbred horse breeding has so much in common with blockchain that it’s ripe for disruption. Here’s everything you need to know about both. To an outsider, horse racing and blockchain just sound like opaque word soup. Too insider-y, too mansplain-y to get into. But what we miss most—if…