Why in the world would anyone trust block chain systems given the litany of security holes this article highlights?!? trib.al/IWejaY7
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Because maybe the article isn’t that great, brings no new information, doesn’t change the fact that blockchains still the only working, decentralized, secure store of immutable data, and “breaches” only occur at the boundaries or within the accepted threat model?
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LOL! Saying "'breaches only occur at the [blockchain] boundaries" is like saying your money is safe in our bank because our vault is invulnerable. It ignores the fact the 80% of the threat is at the boundaries, but blockchain does nothing to make boundaries safer.
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Replying to @ironick
Not sure how blockchain tech could make something it’s not applied to safer.

Mar 1, 2019 · 5:47 PM UTC

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Replying to @stilkov
Blockchain creates the need for NEW boundary mechanisms/institutions, eg exchanges, etc. These new boundary mechanisms/institutions create more risk than blockchain itself eliminates. In other words, blockchain is yet another "solution" that creates more problems than it solves.
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To dismiss the potential benefits seems wrong to me. It has the potential to provide people who don’t currently participate in the traditional finance system with access to a working system. Nothing else addresses the same need, not even in theory.
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