I’ve made no secret of my skepticism about the blockchain as a solution for our economic woes. Yes, the economy is tilted, corrupt, and easily gamed — but the solution is likely social, not technological. While national, debt-based central currencies create terrible incentives, abstractions, and growth mandates, moving our transactions to a decentralized ledger maintained by wealthy hackers may not truly be any better. And most people know this, deep down.
Read more from, Yearning for Proof, on Medium.