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blockchain

15 Dec: Blockchain is Capable of Much More than Fintech Applications.

December 2022 – In the wake of the global upheaval being felt in financial markets from the mishandling, misappropriation, and outright theft of digital financial assets–called “cryptocurrencies”–on so-called “decentralized” finance exchanges like Terra, and most recently, FTX, it is critically important to decouple the association of blockchain technology from its use cases. Cryptocurrency, specifically Bitcoin, was the first publicly accessible blockchain use case, but blockchain as an innovation is much more than cryptocurrency.

blockchain

15 Aug: Decentralization in blockchain is a myth

August 2022 – It does not exist in the real world. Not really. I wish it were not true and I invite you to change my mind, but the fact of the matter is Humans naturally do not have a decentralized bone in their body. Oh sure, blockchain technology has the mechanisms to allow transaction rules to be enforced automatically in a smart contract when certain conditions are met. That’s really good when you want to stop folks from intervening In transactions with their own agendas or biases or propensity for errors, but the crucial characteristic about people that prevents blockchains from being truly decentralized is….