Bitcoin is hovering around $3,600 handle, down 1.5% since the start of the day. The first digital asset retraced from the recent high of $3,707 late o This, I believe, is one of two flaws in a widely circulated anti-blockchain screed by Bruce Schneier, who made no reference to the ongoing work of engineers, regulators, and business leaders who are constantly improving this new value exchange system so it can eventually work at scale in the real world. (The other flaw is that in attacking the myth of a “trustless” world where “math is ... Bruce S. notes the issue with first asking for 2FA before issuing a wallet as a red flag. I agree. @ Clive Robinson. Your lightblue touchpaper link points to using an accounting method of FIFO and some legal case mixed with coding as a method to trace Bitcoin theft. This is interesting, including the comments at the end of the blog. Bruce Schneier, Image from IT Pro Today. He is correct. Within the definition of trust that Bruce provides is perhaps the reason why he can’t see why public blockchains are more than a means of speculation. The level of trust that the under 30 crowd has in public institutions and big corporations is low. Mastering Bitcoin by Andreas M. Antonopoulos. Applied Cryptography by Bruce Schneier. Bitcoin and Cryptocurrency Technologies by Arvind Narayanan. Inventing Bitcoin by Yan Pritzker. The Little Bitcoin Book by Bitcoin Collective. Serious Cryptography by Jean-Philippe Aumasson. An Altcoin Trader's Handbook by Nik Patel. Bitcoin by Knut Svanholm Bruce Schneier is a smart guy. He has connections to Harvard University, works for IBM (via IBM Resilient), is the author of numerous books, and also was published recently by Wired on the topic of blockchain. The op-ed he wrote was very critical of blockchain, and questioned its utility. One of the ideas that Schneier’s […]
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