Matt Green posted a few comments on cryptocurrencies and Bruce Schneier responded. Both are friends. I understand Matt's point of non-absolutionism, but side (strongly) with Bruce on this one.
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To me, the problem isn’t that blockchain systems can be made slightly less awful than they are today. The problem is that they don’t do anything their proponents claim they do. In some very important ways, they’re not secure. They doesn’t replace trust with code; in fact, in many ways they are far less trustworthy than non-blockchain systems. They’re not decentralized, and their inevitable centralization is harmful because it’s largely emergent and ill-defined. They still have trusted intermediaries, often with more power and less oversight than non-blockchain systems. They still require governance. They still require regulation. (These things are what I wrote about here.) The problem with blockchain is that it’s not an improvement to any system—and often makes things worse.
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a visual guide for college-bound students
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06:41 in Current Affairs, General Commentary, health and diet | Permalink | Comments (0)