Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc...
by Daishiman on Monday April 12, 2021 @08:41PM
(#26786907)
I do deny that they open up any opportunities.
Even if they might do things better (which I don't see that happening; solutions are objectively slower and more cumbersome than centralized databases with audit logging), they appear to solve "problems" that aren't really problems.
There's a lot of things that classify as annoyances and inconveniences in the world. That doesn't mean that I'm willing to dump a boatload of cash to solve them.
Identity isn't currently a technological issue. Microtransactions aren't a technological issue solved by blockchains. Ledgers of most things in general don't have a trust issue that's solved by blockchains.
Technies being techies think that technology solves a lot of issues just by existing while completely discounting the issues of trust and control in institutions themselves.
Most blockchain problems are actually governance issues.
Even if they might do things better (which I don't see that happening; solutions are objectively slower and more cumbersome than centralized databases with audit logging), they appear to solve "problems" that aren't really problems.
There's a lot of things that classify as annoyances and inconveniences in the world. That doesn't mean that I'm willing to dump a boatload of cash to solve them.
Identity isn't currently a technological issue. Microtransactions aren't a technological issue solved by blockchains. Ledgers of most things in general don't have a trust issue that's solved by blockchains.
Technies being techies think that technology solves a lot of issues just by existing while completely discounting the issues of trust and control in institutions themselves.
Most blockchain problems are actually governance issues.