๐ On the Dangers of Cryptocurrencies and the Uselessness of Blockchain
๐ก Newskategorie: Reverse Engineering
๐ Quelle: schneier.com
Earlier this month, I and others wrote a letter to Congress, basically saying that cryptocurrencies are an complete and total disaster, and urging them to regulate the space. Nothing in that letter is out of the ordinary, and is in line with what I wrote about blockchain in 2019. In response, Matthew Green has writtenโnot really a rebuttalโbut a โa general response to some of the more common spurious objectionsโฆpeople make to public blockchain systems.โ In it, he makes several broad points:
- Yes, current proof-of-work blockchains like bitcoin are terrible for the environment. But there are other modes like proof-of-stake that are not. ...