{"id":846,"date":"2018-06-26T22:32:44","date_gmt":"2018-06-26T22:32:44","guid":{"rendered":"https:\/\/blockchain-society.science\/?p=846"},"modified":"2018-06-26T22:32:44","modified_gmt":"2018-06-26T22:32:44","slug":"blockchain-is-not-only-crappy-technology-but-a-bad-vision-for-the-future-2","status":"publish","type":"post","link":"https:\/\/blockchain-society.science\/?p=846","title":{"rendered":"Blockchain is not only crappy technology but a bad vision for the future"},"content":{"rendered":"<blockquote><p><a href=\"https:\/\/medium.com\/@kaistinchcombe\/decentralized-and-trustless-crypto-paradise-is-actually-a-medieval-hellhole-c1ca122efdec\"><img src=\"https:\/\/blockchain-society.science\/wp-content\/uploads\/litho\/d0cfec8f33925e3bd41b37d6dba3784bb62caaa8cd5f0782626aa1ccd470ca6e.png\" class=\"image-treated\" data-original=\"https:\/\/cdn-images-1.medium.com\/max\/480\/1*O2IXj90Y2XxXdZRpwt8wkw.png\" data-treated=\"https:\/\/blockchain-society.science\/wp-content\/uploads\/litho\/d0cfec8f33925e3bd41b37d6dba3784bb62caaa8cd5f0782626aa1ccd470ca6e.png\" \/><\/a>You actually see it over and over again. Blockchain systems are supposed to be more trustworthy, but in fact they are the least trustworthy systems in the world. Today, in less than a decade, three successive top bitcoin exchanges have been hacked, another is accused of insider trading, the demonstration-project DAO smart contract got drained, crypto price swings are ten times those of the world\u2019s most mismanaged currencies, and bitcoin, the \u201ckiller app\u201d of crypto transparency, is almost certainly artificially propped up by fake transactions involving billions of literally imaginary dollars.<\/p><\/blockquote>\n<p>Source: <em><a href=\"https:\/\/medium.com\/@kaistinchcombe\/decentralized-and-trustless-crypto-paradise-is-actually-a-medieval-hellhole-c1ca122efdec\">Blockchain is not only crappy technology but a bad vision for the future<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You actually see it over and over again. Blockchain systems are supposed to be more trustworthy, but in fact they are the least trustworthy systems in the world. Today, in less than a decade, three successive top bitcoin exchanges have been hacked, another is accused of insider trading, the demonstration-project DAO smart contract got drained, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[14,39,20,5],"tags":[],"_links":{"self":[{"href":"https:\/\/blockchain-society.science\/index.php?rest_route=\/wp\/v2\/posts\/846"}],"collection":[{"href":"https:\/\/blockchain-society.science\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blockchain-society.science\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blockchain-society.science\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blockchain-society.science\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=846"}],"version-history":[{"count":1,"href":"https:\/\/blockchain-society.science\/index.php?rest_route=\/wp\/v2\/posts\/846\/revisions"}],"predecessor-version":[{"id":847,"href":"https:\/\/blockchain-society.science\/index.php?rest_route=\/wp\/v2\/posts\/846\/revisions\/847"}],"wp:attachment":[{"href":"https:\/\/blockchain-society.science\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blockchain-society.science\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blockchain-society.science\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}