Sunday, 10 February 2019

Latest News - Cryptocurrency is ‘Honestly Useless’: Harvard Cryptographer

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Cryptocurrency is useless to anyone other than nefarious groups or individuals trying to move money without being noticed by the government. This is apparently the cutting-edge opinion of Harvard University cryptographer and technology researcher Bruce Schneier. Citing a series of regularly discredited and debunked talking points, Schneier believes that the aims of Bitcoin according to its original whitepaper have been defeated by the reality of its deployment, which means that in addition to being operationally difficult and risky, it also fails to deliver on its basic premise, which essentially renders it useless. Cryptocurrency: Can You Trust a Trustless System? Writing

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