Morlock Elloi on Fri, 2 Mar 2018 21:22:18 +0100 (CET)

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Re: <nettime> Josh Hall: Blockchain could reshape our world – and the far right is one step ahead (Guardian)

That article is technical nonsense. 'Blockchain' that has PoW consisting of 1.6 second of handset CPU is trivial to fake. And where is the consensus? Car does the same? Or is car running 500KW GPU cluster doing hash verified by ... who? Cheap PoW ("Proof of Work") is contradiction in terms.

This is actually a good illustration of utter bullshit that passes for 'technology'.

We need blockchain powered nettime! BLOCKTIME!

see for instance Porsche's one blockchain per car:

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