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Sunday, June 26, 2022

On the Dangers of Crytocurrencies and Uselessness of Blockchain

 Bruce Schneier writes a cautional opinion piece,  I don't agree entirely regarding blockchain.   But the caution is good ... . below the intro, click for the whole thing and further expert comments.

On the Dangers of Cryptocurrencies and the Uselessness of Blockchain

Earlier this month, I and others wrote a letter to Congress, basically saying that cryptocurrencies are an complete and total disaster, and urging them to regulate the space. Nothing in that letter is out of the ordinary, and is in line with what I wrote about blockchain in 2019. In response, Matthew Green has written—not really a rebuttal—but a “a general response to some of the more common spurious objections…people make to public blockchain systems.” In it, he makes several broad points:   .....

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