Is the Cryptocurrency So New?

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Bitcoin is ten years old, but where are all these applications? The notion of append only data and append only ledgers is actually decades old. We've known how to do this since the nineties. Merkle trees are such a cool idea. Yes, the patent is from 19 70. Ha hamha, ha, ha. Ah, om the underlying occasionally you hear bit coin ocates go. So a drem is going the wrong wthis is oneof the best arguments i've heard recently - it's illiterately.

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.