Is There a Vision for Crypto Currency?

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The banking system is a distributed system among trusted counter parties with real digital money. But also, there's a central authority called the f d i c that should one of those distributed notes go down, you don't lose your money. "That's the biggest issue i have with so much of the er, not biggest, but one of the issues i have with the crypto currency space," Harigt says.

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.