"Blockchain technology cannot, and will not, have transaction reversal mechanisms because they are antithetical to its base design. Similarly, most public blockchain-based financial products are a disaster for financial privacy; the exceptions are a handful of emerging privacy-focused blockchain finance alternatives, and these are a gift to money-launderers. Financial technologies that serve the public must … Continue reading Letter in Support of Responsible Fintech Policy
Tag: web3
Centralization vs. Decentralization
"Recently, a reader asked me to lay out the concerns about centralization and decentralization in relation to the internet......The people who own networks can change the rules at any time, and not just from a free-speech standpoint: Recently, Vimeo faced controversy over how it changed its business model to charge heavy consumers for the bandwidth their videos … Continue reading Centralization vs. Decentralization
cafebedouin.org 