Crypto Currency

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The majority of people who use crypto currency are interacting with a centralized data base, says mat damons. The underlying techno logy of the decentralized component is so inefficient and difficult to use that everyone just ends up using a traditional system in the end, he adds. "Crypto currency has this weird security it's not insecure, it's, it's secure in the wrong dimensions," writes bosa.

Crypto is crashing, which makes it the perfect time to ask whether blockchain technology is actually — you know — useful for anything. Computer scientist Nicholas Weaver joins Adam to discuss the inherent flaws in the technology, the shockingly slow state of innovation considering that the technology has been around for a decade, and what a better system for digital money might be. You can follow Nicholas on Twitter at @ncweaver. Learn more about your ad choices. Visit megaphone.fm/adchoices See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.