Blockchain is not only crappy technology but a bad vision for the future

["Dave Farber" <farber () gmail com>]

Comments welcome djf

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
Kai StinchcombeApr 5
Blockchain is not only crappy technology but a bad vision for the future. 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.

This December I wrote a widely-circulated article on the inapplicability of blockchain to any actual problem. People 
objected mostly not to the technology argument, but rather hoped that decentralization could produce integrity.

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