Blockchain is "a solution in search of a problem,"
and that's only half its problem, if that much. (The piece doesn't
mention the anti-government libertarianism of bitcoiners, but does
mention other issues.
Blockchains are used for data
and are based on data. But, as the author notes, modern fraud is
generally fraud by data suppliers.
Finally, Frederik
notes that in many cases where small governments and organizations are
based on blockchain usage? It's hype, and they're not.
Basically,
it's a new version of salvific technologism. It's not going to save the
world, nor is it going to magically change it. And, if anything, overuse of it, because of yet other problems, like its general irreversibility, could be for the worse, not the better. The sooner others
realize that, the better.
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