A paradox with "crypto hype" --- I find it paradoxical how blockchain, a technology designed around security to a certain extent, has given way to so much of its opposite. A blockchain may be secure in the sense of protecting privacy, but it has issues. Smart contracts often have bugs that cause immense financial damage, password issues have led to incalculable losses, there's now a whole community of scammers holding people's data under ransom and demanding cryptocurrencies as payment... On top of that, the hype around blockchain — crypto hype as it's called — was exploited both by incompetent and malicious developers who profited off of people who don't understand crypto. I find it very telling that even people with high quality training on blockchain technologies can and do struggle when it comes to reading white papers and distinguishing the wheat from the chaff.

Source author: Gustavo Paiva gdp.direito@gmail.com