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I read the Bitcoin mentions as examples, but not conflations of the overall issues with blockchains. Except that is only applicable for (proof of work POW) con
by drugme 8y ago
I read the Bitcoin mentions as examples, but not conflations of the overall issues with blockchains.
Except that is only applicable for (proof of work POW) consensus and does not apply to proof of stake (POS) and delegated proof of stack (DPOS) which several of the top blockchain projects are currently using (even Ethereum is moving to POS)
The fact that while what you just said, in attempting to "clarify" the issue, might make sense to a technical practitioner -- but is sheer gobbledygook to a lay person -- lies at the heart of the disconnect between the Cult of the Blockchain, and the real human beings (and their needs) it purports to serve.
It's unfortunate this is coming from Wired.
It's written by one of the most respected analysts in the industry.
- tcrow 8y agoExcept for that fact that he proceeds to use Bitcoin as the sole example of all the inherent problems of "Blockchain Technology" while providing absolutely no information about all the ways that Blockchain Technology has improved beyond what Bitcoin is doing. Bitcoin != Blockchain (in totality) He may be a respected analyst, but he is providing a completely biased and uninformed view of Blockchain technology as it currently exists. That is a bad analyst in my opinion.
- scott_s 8y agoHe provides "supply-chain security systems" as another example.