Tag: garbage

Advanced in Tech & Business

Cryptocurrencies: Jorge Stolfi: ‘Technologically, bitcoin and blockchain engineering is garbage’ | Science & Tech

In early May possibly, Jorge Stolfi, a professor of laptop or computer science at the College of Campinas (Brazil), posted the adhering to tweet in English: “Every computer scientist must be capable to see that cryptocurrencies are absolutely dysfunctional payment systems and that “blockchain technology” (which include “smart contracts”) is a technological fraud. Would they you should say that out loud?” Stolfi now has 9,400 followers. Back then he had fewer. In the discreet planet of computer science, the 2,000 retweets and 7,000 likes his concept received were being the equivalent of going viral.

Stolfi was stating one thing that he experienced repeated ahead of. In reality, he did not even see it as controversial. But in today’s so-called “crypto wintertime,” in which the price of bitcoin has dropped from all-around €60,000 to €20,000 given that November, gave his statement new relevance. The tweet was the driving force driving a

read more...