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Currents 094: Matthew Pirkowski on Blockchain Consensus Mechanisms

The Jim Rutt Show

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The Anti-Security of Bitcoin

I think there should not be a crackdown against Bitcoin. But I would bully pulpit that it's both anti-social and probably way less secure than people think. The utility of a deflationary attractor is is evinced through or to the degree that the corrupt in our current reality will try to kill it. It's hard for me to imagine anything more antisocial than the kind of canteon effects that emerge from the ability to have a highly fungible mechanism by which money is brought into existence.

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