Ripple Executive Rails Against Bitcoin in New Essay
Longtime blockchain developer, enthusiast and Ripple executive has warned in a new essay that blockchains could bring about a dystopia. Ripple Exec Cites Failures of Social Consensus Model. Stefan Thomas, Chief Technology Officer at Ripple Labs, a leading private and public ledger company, wrote an essay titled “The Subtle Tyranny of Blockchain.” The blockchain industry, he writes, foresees a blockchain revolution across a swathe of industries like finance, international trade and health care. However, Thomas pens, “blockchains are a pain to work with.” “Harmony and consensus are valuable.....
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Longtime blockchain developer and enthusiast has warned blockchains could bring about a dystopia in new essay. Stefan Thomas, Chief Technology Officer at Ripple Labs, a leading private and public ledger company, wrote an essay titled “The Subtle Tyranny of Blockchain.” The blockchain industry, he writes, foresees a blockchain revolution across a swathe of industries like finance, international trade and health care. He also evokes the Bitcoin block size debate in the essay, in which he suggests social consensus represents an obstacle to the deployment of blockchain technology. “Blockchains....
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