Glider from the game of Life, rising from the left




Topic: #cryptocurrencies

Cryptocurrencies: The Current Abuses


Now that cryptocurrency exchanges process transactions between their customers just by adjusting conventional ledgers internally rather than by extending blockchains, these exchanges are behaving like banks and so are encountering many of the problems of unregulated banking, abuses that cryptocurrencies were supposed to have prevented.

“Bitcoin Redux”
Ross Anderson, Ilia Shumailov, Mansoor Ahmed, and Alessandro Rietmann, Cambridge University Computer Laboratory, 17th Annual Workshop on the Economics of Information Security, May 28, 2018

#cryptocurrencies #banking #blockchain

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created June 1, 2014 · last revised December 10, 2018