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This is a reasonable response - I definitely think blockchain is interesting but like I said, it's in need of some major additional refinement before it becomes
by dimmke 6y ago
This is a reasonable response - I definitely think blockchain is interesting but like I said, it's in need of some major additional refinement before it becomes practical.
>But cryptocurrency allows us to design systems that don't require any trust at all. They _cant'_ be corrupted, because a combination of incentives and cryptography keep everyone safe.
This article definitely doesn't describe a system that lives up to that ideal at all. Which is why it's so scary - when you remove manual oversight you're essentially saying "Hey, if you can hack this, you win!"