3 ms·
> has no support from cryptographers I am a PhD student in cryptography, and judging by the papers I've read there is plenty of support from cryptographers, ma
by jkhdigital 5y ago
> has no support from cryptographers
I am a PhD student in cryptography, and judging by the papers I've read there is plenty of support from cryptographers, many of whom are directly involved in research and development. Silvio Micali is practically a founder of modern cryptography (and Turing Award winner), and he co-created the blockchain Algorand. There is also plenty of opposition, as the subject elicits strong opinions, but the assertion that cryptocurrency has no support from cryptographers is just false.
- worik 5y agoTrue. The universally quantified statement "No cryptographers thing X" is almost certainly going to be false. Hyperbole on my part, oops. Sorry about that. I am not a cryptographer, but I do pay attention to cryptographers. Well, some cryptographers. So thanks to your helpful comment I looked up Silvio Micali. He has rather faint endorsement, but endorsement it is.
- Shorel 5y agoIn fact, I can think of nothing more profitable for a cryptographer than designing a better cryptocurrency.
- worik 5y agoThe fundamentals are all wrong though. Money is, amoung other things, a web of trust. Trying to remove trust from it is taking away some of what makes it money. I do not think there is a solution in this space that works economically or financially. What we need is a unit of exchange that: holds its value reliably, allows a lot of transactions, has low over head, allows anonymous transactions. A central bank could build a system that does the first four, but they have no incentive to do the last.