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A comment on Half of ICOs Die Within Four Months After Token Sales Finalized. Parent comment

Re:Half of ICOs Die Within Four Months After Token Sales Fin... by perl4ever on Monday July 09, 2018 @10:59PM (#17495103)
"Essentially crypto transmutes the problem domain, from a people problem to an application design problem."

The fact that nobody understands how human institutions work is an advantage, because it prevents malicious actors from subverting them. Whenever someone figures out how institutions work, they destroy them and civilizations fall, so they evolve to be incomprehensible. So "transmuting the problem domain" seems like a bad move to me.

[ Parent | on HN ]
Re:Half of ICOs Die Within Four Months After Token Sales Fin... by darawk on Tuesday July 10, 2018 @02:20AM (#17495843)
We may just have to agree to disagree here. I've never been a fan of security by obscurity, though obviously it does have some use cases. I think we have the opportunity to design secure systems that do not rely on the frailties and biases of human judgment, and I think it's worth exploring.
[ Parent | on HN ]