Stephen R. ThomasThat's misleading--dangerously misleading.Any store of data will "add a transaction record". We have been storing transaction records in computers since computers began. Blockchain…Apr 26Apr 26
Stephen R. ThomasBoth of these examples are applications that use cryptocurrency as their payment mechanism while…There are no applications that use blockchain for anything besides NFTs and cryptocurrency.Apr 25Apr 25
Stephen R. ThomasBlockchain is Slow and Expensive By DesignMost people, when presented with a new technology that is slow, expensive, or clunky, naturally assume it will get faster, cheaper and…Apr 22Apr 22
Stephen R. ThomasAnd yet, this article cannot point to a single, concrete, documented design win for blockchain.Blockchain was designed for one reason: to thwart government subpoenas into transactions. If you do not need to solve this problem, then…Mar 29Mar 29
Stephen R. ThomasWhy So Many NFTs Are ScamsNon-fungible Tokens, or NFTs, are dangerous because most people think they understand what they are, but they really don’t.Mar 26Mar 26
Stephen R. ThomasAgain, you cannot point to any concrete solution--a deployed product that services customers and…I keep asking people for proof. Nobody can produce any besides things are related to cryptocurrencies and NFTs.Mar 7Mar 7
Stephen R. ThomasEvery one of these examples are things blockchain supposedly can do, but there is no concrete…I continue to ask for bonafide, documented design wins for blockchain outside of the realm of cryptocurrency and NFTs, and I continue to…Mar 7Mar 7
Stephen R. ThomasWhy Would Anybody Use Blockchain for a CBDC?Many countries are exploring central bank digital currencies and this is a great thing. But many of these projects are stalled, not making…Feb 27Feb 27
Stephen R. ThomasThe problem with NFTs for the average consumer who doesn't read the fine print is that an NFT is…An NFT's tangible value boils down to the contract associated with it and one's ability to enforce that contract.Feb 22Feb 22
Stephen R. ThomasIs Bitcoin Decentralized? Yes and No.“It’s not that decentralized, Joe.”Feb 21Feb 21
