And that’s not even considering the many white papers that are original work, but completely wrong. Many of them propose fundamentally incorrect and exploitabl

And that’s not even considering the many white papers that are original work, but completely wrong. Many of them propose fundamentally incorrect and exploitable systems. But of course none of the papers are peer reviewed, so if the idea sounds cool to some armchair tech nerds on reddit, off to the races you go! Want to see something truly scary? Pick a coin, any coin, that has had a major vulnerability discovered by researchers in a peer-reviewed publication. Then go onto that coin’s subreddit and watch in amazement as a bunch of security illiterate redditors bend over backwards to invalidate the paper’s claims with conspiratorial nonsense and cries of spreading FUD. Blind loyalty is bad enough in meatspace. In the cryptocurrency realm, it’s simply dangerous. The crazy thing is that any one of these coins could have a double-spending vulnerability, which by its very nature would likely be undiscoverable. There could very well be some clever hacker somewhere exploiting double spends and slowly bleeding money out of exchanges.