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Author Topic: Attack of The 50 Foot Blockchain  (Read 815 times)

NxtChg

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Attack of The 50 Foot Blockchain
« on: March 25, 2017, 07:02:53 am »
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"In the real world, nobody outside the cryptocurrency subculture uses blockchains proper, because they are ridiculously impractical and the most prominent one uses as much electricity as all of Ireland."

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"What the pseudonymous “Satoshi Nakamoto” describes in the Bitcoin white paper is simple, clever, technically interesting and genuinely innovative.

What emerged from it is amazing, hilarious and horrifying: a jawdropping maelstrom of get-rich-quick dreams, right-wing anarchists, libertarian pseudoeconomics, magical thinking, blatant con-men and the madness of crowds.

Remember: if it sounds too good to be true, it almost certainly is."

https://davidgerard.co.uk/blockchain/
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NxtChg

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Re: Attack of The 50 Foot Blockchain
« Reply #1 on: March 25, 2017, 07:03:50 am »
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"You can replace the term “distributed ledgers” with “shared Excel sheets” in about 90 percent of talk about blockchain and finance."
– Tracy Alloway
:)
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NxtChg

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Re: Attack of The 50 Foot Blockchain
« Reply #2 on: July 05, 2017, 07:19:23 am »
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Tentacle Overlord, The Deranged Genius of The Abyss