Blockchain: Lousy Technology, Bad Vision For The Future

Blockchain: Lousy Technology, Bad Vision For The Future
AP Photo/Koji Sasahara

Its failure to achieve adoption to date is because systems built on trust, norms, and institutions inherently function better than the type of no-need-for-trusted-parties systems blockchain envisions. That's permanent: no matter how much blockchain improves it is still headed in the wrong direction.

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