diff --git a/README.md b/README.md index ed5ed93..3555f54 100644 --- a/README.md +++ b/README.md @@ -43,7 +43,7 @@ Awesome critique of crypto/web3, etc. Contributions are welcome. * [Against Web3 and Faux-Decentralization](https://soatok.blog/2021/10/19/against-web3-and-faux-decentralization/) - 2021-10-19 by Soatok * [The Case Against Crypto](https://www.watershed.co.uk/studio/news/2021/12/03/case-against-crypto) - 2021-12-03 by Martin O'Leary * [The Register: The dark equation of harm versus good means blockchain’s had its day](https://www.theregister.com/2021/12/06/the_dark_equation_of_harm/) - 2021-12-06 -* [Blockchains and Cryptocurrencies: Burn It With Fire](https://www.youtube.com/watch?v=xCHab0dNnj4) - 2018-04-20 by Nicholas Weaver 📺 +* [Blockchains and Cryptocurrencies: Burn It With Fire](https://www.youtube.com/watch?v=xCHab0dNnj4) - 2018-04-20 by Nicholas Weaver 📺 Nicholas Weaver is a staff researcher with the International Computer Science Institute (ICSI) and lecturer in EECS, where he teaches machine structures and computer security. He earned his Ph.D. in computer science from Berkeley in 2003 and joined ICSI to study network security and measurement. "The entire cryptocurrency and blockchain ecology is rife with frauds, criminalities, and tulip-mania style hype and needs to be properly disposed of into the ashes of history. A “blockchain” is just a horribly inefficient append-only file which costs a literal fortune to secure without actually providing meaningful distributed trust, while cryptocurrencies are provably inferior than actual currencies for legal real world transactions. Beyond the sheer uselessness have emerged a whole host of bad ideas, ranging from the “put a bird^H^H^H^H blockchain on it” hype to unregistered (and mostly fraudulent) securities with “Initial Coin Offerings” to an invitation for massive theft in the form of “smart” contracts." ### Economists