Re: <nettime> Josh Hall: Blockchain could reshape our world and the far right is one step ahead (Guardian)

[Anthony Stephenson <aps0loot@gmail.com>]

That article is technical nonsense. 'Blockchain' that has PoW consisting
of 1.6 second of handset CPU is trivial to fake. And where is the
consensus? Car does the same? Or is car running 500KW GPU cluster doing
hash verified by ... who? Cheap PoW ("Proof of Work") is contradiction
in terms.

This is actually a good illustration of utter bullshit that passes for
'technology'.

I believe that this use of blockchain is simply as a secure protocol for the internet-of-things – and for (future) autonomous driving. (It's that potential external control of one's car – or whatever – that's spooky.)

--

- Anthony Stephenson

http://anthonystephenson.org/

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