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Seems to me that Stephen is not well informed on crypto in general. This article is really only relevant to Bitcoin. Take a project like Brave for instance whi

Seems to me that Stephen is not well informed on crypto in general. This article is really only relevant to Bitcoin. Take a project like Brave for instance which is disrupting the online advertising model: https://brave.com/ https://brave.com/ (I am completely unaffiliated, just a fan of the project) Can you look at this project and tell me with a straight face it is bad for the environment and should be banned by government? Because that's basically what Stephen has done when he lumped every crypto together.

namdnay 6y ago
The thing is, Im not sure Brave really needs a cryptocurrency. It seems that a centralized DB would be enough.
- rybosworld 6y ago
  Sure it might work with a database, just as you don't need a blockchain to do what Visa does. But Brave is really one of the best showcases for what crypto can achieve imo. They've tied anonymity, opt-in advertisements, and micropayments into one thing. I think it would actually be more difficult to do this without a cryptocurrency.
- scsilver 6y ago
  The unifiying protocol of a token(BAT) is a political feature. It aligns incentives out of the box. Stakeholders become shareholders, stakeholders become financially aligned. The problem with this can be speculation distorting the market, making it to expensive to transact, reducing or eliminating its value.
- RhodoGSA 6y ago
  How can you ENSURE decentralization on a centralized database? How can you ENSURE anonymity and they aren't selling you data? How can you ENSURE borderless transaction in fiat? There's alot of things a blockchain does that can't be done otherwise.
nightski 6y ago
I used to have a lot of respect for him, he's very intelligent and a great hacker. But man he's really gone down the rabbit hole basically on the edge of consipiracy theorist lately. It's sad. His viewpoints are naive and he never proposes viable solutions. It's easy to say ban "X" when that is never going to happen. If he was really interested in a solution he would acknowledge the benefits that people are getting out of Bitcoin and provide alternative solutions. But meanwhile people will continue to complain about Bitcoin while it's market cap will continue to rise and it will keep on growing in usage. All major banks are now planning serious efforts in the crypto space with massive investments. This isn't going to go away with magical thinking.
- cryptica 6y ago
  >> He is CTO at Adjoint - "digitises cash and settlement processes for multinational corporates." How can anyone respect such person? His job is as unethical as it gets. He is a monster and a woke hypocrite.
  - RhodoGSA 6y ago
    Article should have come with a disclaimer since it seems he has a bit of a conflict of interest.

namdnay 6y ago

The thing is, Im not sure Brave really needs a cryptocurrency. It seems that a centralized DB would be enough.

rybosworld 6y ago
Sure it might work with a database, just as you don't need a blockchain to do what Visa does. But Brave is really one of the best showcases for what crypto can achieve imo. They've tied anonymity, opt-in advertisements, and micropayments into one thing. I think it would actually be more difficult to do this without a cryptocurrency.
scsilver 6y ago
The unifiying protocol of a token(BAT) is a political feature. It aligns incentives out of the box. Stakeholders become shareholders, stakeholders become financially aligned. The problem with this can be speculation distorting the market, making it to expensive to transact, reducing or eliminating its value.
RhodoGSA 6y ago
How can you ENSURE decentralization on a centralized database? How can you ENSURE anonymity and they aren't selling you data? How can you ENSURE borderless transaction in fiat? There's alot of things a blockchain does that can't be done otherwise.

nightski 6y ago

I used to have a lot of respect for him, he's very intelligent and a great hacker. But man he's really gone down the rabbit hole basically on the edge of consipiracy theorist lately. It's sad. His viewpoints are naive and he never proposes viable solutions. It's easy to say ban "X" when that is never going to happen. If he was really interested in a solution he would acknowledge the benefits that people are getting out of Bitcoin and provide alternative solutions. But meanwhile people will continue to complain about Bitcoin while it's market cap will continue to rise and it will keep on growing in usage. All major banks are now planning serious efforts in the crypto space with massive investments. This isn't going to go away with magical thinking.

cryptica 6y ago
>> He is CTO at Adjoint - "digitises cash and settlement processes for multinational corporates." How can anyone respect such person? His job is as unethical as it gets. He is a monster and a woke hypocrite.
- RhodoGSA 6y ago
  Article should have come with a disclaimer since it seems he has a bit of a conflict of interest.