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> From the slide: "Cryptonetworks --> open source data" What is a cryptonetwork and how does it lead to open source data? Wait...lemme guess...a blockchain! I
by untangle 8y ago
> From the slide: "Cryptonetworks --> open source data"
What is a cryptonetwork and how does it lead to open source data? Wait...lemme guess...a blockchain! I wish that people would be more precise with language. Here's a news flash: crypto already runs the world. And blockchain runs almost nothing. This wholesale substitution of "crypto" for "blockchain" is disingenuous at best and self-serving at worst. It reminds me of substituting "climate change" for "global warming" (or for "pollute less").
> "...regulators...are taking actions to slow the decentralization sector down..."
I thought that regulators were taking actions to slow the centralized sector down (through antitrust, privacy provisions, etc.). Wouldn't this provide fertile ground for the (undefined) decentralization sector. Oh wait, you mean the blockchain sector? And ICOs?
This whole blog post makes me uneasy. The inaccuracies and omissions are one thing, but the fact that VCs now have the power, wealth, and inclination to become lobbyists for failing investment theses by "...spending a lot of time with public servants of all kinds, educating them, imploring them, and desperately trying to get them to understand where we are, why it is an important moment, and why we need to this new technology to succeed..." makes me ill.
These attempts to tilt the regulatory playing field are the stuff that undoes free markets.