Frankly, I can’t judge the merits of this article because I lack the knowledge required.
But I think at this point we know that all cryptocurrencies are ‘greater fool’ “investments”. [1]
They are in every way totally irrelevant and detrimental to society. Governments are unfortunately slow to crack down on the exchanges, although progress is being made.
And that effort is essential to battle the cancer that is the ransomware epidemic.
Anyone who follows the Lock Picking Lawyer on YouTube knows that with time, resources and dedication virtually all locks can be defeated and cryptocurrencies make ‘expensive’ attacks worthwhile on IT infrastructure.
Frankly it hurts to see how cryptocurrencies have been ‘legitimized’ by HN & ycombinator’s coinbase. Because so many people will be hurt.
But I think at this point we know that all cryptocurrencies are ‘greater fool’ “investments”. [1]
They are in every way totally irrelevant and detrimental to society. Governments are unfortunately slow to crack down on the exchanges, although progress is being made.
And that effort is essential to battle the cancer that is the ransomware epidemic.
Anyone who follows the Lock Picking Lawyer on YouTube knows that with time, resources and dedication virtually all locks can be defeated and cryptocurrencies make ‘expensive’ attacks worthwhile on IT infrastructure.
Frankly it hurts to see how cryptocurrencies have been ‘legitimized’ by HN & ycombinator’s coinbase. Because so many people will be hurt.
[1]: https://twitter.com/smdiehl/status/1384055017003311106?lang=...