About 5-6 years back, I decided to write my one, only, ever piece on Blockchain. (There are real things to do. No time to waste, etc.):
Deconstructing Blockchain http://www.rogerclarke.com/EC/BCD.html 26 Feb 2016, rev. 29 September 2016 > ... The blockchain movement has all the hallmarks of a short bubble. It is mystical. It is promoted by means of invocation of ideas in good standing that have very tenuous connections with the notion and the technology. The interests of many of the organisations that are supporting it would appear to be served by the movement (if it is what it says it is) being still-born. > As with all movements that are driven by marketing hype and attract investment, there will be spin-offs of value. So watch the spin-offs, and ignore the fluff projected about blockchain. I was very soon trumped by a local ace, of this parish: Wilson S. (2016) 'Blockchain really only does one thing well' The Conversation, 20 July 2016, at http://theconversation.com/blockchain-really-only-does-one-thing-well-62668 But, yet again, bloody Bruce Schneier writes what one needs to read: There's No Good Reason to Trust Blockchain Technology Opinion: Cryptocurrencies are useless. Blockchain solutions are frequently much worse than the systems they replace. Here's why. BRUCE SCHNEIER OPINION Wired Magazine 6 Feb 2019 https://www.wired.com/story/theres-no-good-reason-to-trust-blockchain-technology/ > I have looked at many blockchain applications, and all of them could achieve the same security properties without using a blockchain — of course, then they wouldn’t have the cool name. I only fell over Bruce's 2019 article because of this lovely piece of work in my mailbox this evening: I Am Not Satoshi Nakamoto https://www.schneier.com/crypto-gram/archives/2021/1015.html#cg7 -- Roger Clarke mailto:[email protected] T: +61 2 6288 6916 http://www.xamax.com.au http://www.rogerclarke.com Xamax Consultancy Pty Ltd 78 Sidaway St, Chapman ACT 2611 AUSTRALIA Visiting Professor in the Faculty of Law University of N.S.W. Visiting Professor in Computer Science Australian National University _______________________________________________ Link mailing list [email protected] https://mailman.anu.edu.au/mailman/listinfo/link
