Why bockchains are not mainstream
The current state There is a lot of hype about what the global distributed ledger aka “Blockchain” can do for society. A “trust machine” as some people call it, that will bring the power of finance, data sovereignty and inclusion to the people, hence rendering centralized intermediaries like Visa, Barclays & Facebook obsolete. We shall achieve this by using a combination of robust, battle tested cryptography & game theory. While this vision is plausible, realising it is not a easy as it may seem....