Thursday 17 May 2018

CYBER Why Blockchain is Hard – Jimmy Song – Medium

Why Blockchain is Hard – Jimmy Song – Medium: "In a sense, current conceptions of blockchain are trying to do the impossible. They want the security of a decentralized system with the control of a centralized one. The desire is the best of both worlds, but what they end up getting is the worst of both worlds. You get the costs and difficulty of a decentralized system with the failure modes of a centralized one.

Blockchain is used way too much as a buzzword to sell a lot of useless snake oil. The faster we get rid of the hype, the better off long-term we’ll all be." 'via Blog this'

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