Blockchain Is Dangerous Nonsense
I'm very sceptical of blockchain (though I've been in crypto off and on since 2013) but most of the arguments in this article are non-sensical. For example:> But even if all code was without mistakes, blockchains can’t do anything against threats like scams, fraud, hacking of devices with keys for the blochain or just plain old typos in a coin transfer.I don't think protection against human-factor scams and frauds was ever a goal, you certainly never hear it as an argument.> Normally, cases of fraud or mistakes could be rectified or reverted by the bank or similar institutions after a review of the situation by humans. However, in the world of blockchain there is no human supervisory authority.This is a well-known, probably inevitable effect of what is probably the main point of using blockchains. Clearly people feel it is a price worth paying.I do agree that 99% of blockchain usage is pointless at best, but that is really a different question. It can be used for storing and (slowly) transferring value in a decentralised way, and that is really the main idea.