5 ms·

Note that blockchain and economy (or more precisely finance) are two very different things. Do not mix up blockchains and cryptocurrencies. The first is a distr

Note that blockchain and economy (or more precisely finance) are two very different things. Do not mix up blockchains and cryptocurrencies. The first is a distributed system creating a centralized log, the second is a class of (very classic, mostly unregulated) financial assets (which could be constructed on top of very different architectures). I'm pretty sure this guy doesn't even care about the financial asset thing, he is criticizing the blockchain from a computer-science pow.

Scarblac 9y ago
> Do not mix up blockchains and cryptocurrencies. The first is a distributed system creating a centralized log It's a _very specific_ distributed system creating a centralized log, namely one that absolutely rules out using any mechanism of trust. Only cryptocurrencies need that. It does so at huge cost in terms of security and efficiency.