Crypto will be a total clusterfuck for privacy, as the foundational tenets of the blockchain—distributed data across many machines with no central control, inalterable data, public data around pseudonymous (or anonymous) identity, permissionless reading and writing—are utterly antithetical to all contemporary privacy thinking. It’s hard to think of... See more

2. It's easy for hackers to exploit the ignorance of laypeople.3. If something goes wrong, there is no central government to ensure democracy.4. As a result of its extreme privacy, blockchain is open to abuse. It is technically possible to abuse edTech.5. Innovately secure, but not unbreakable. In recent years, hackers have become more creative.

Blockchain technologies have somehow managed to land in the worst of both worlds—decentralized but not really, immutable but not really.If someone steals your ape JPEG, if you’re lucky, OpenSea might delist it and make it much harder for them to turn a profit on it. But you still won’t get your JPEG back, or have the opportunity to cash out on it... See more

The immutability of this new world means that if you send someone your tokens, no centralized authority can come in and decide the transaction was invalid and wipe it from the ledger (unless, of course, there is a hard fork). But it also means that there’s no way to undo fraudulent transactions and return funds to their rightful owners. It means... See more

What I found most interesting, though, is that after OpenSea removed my NFT, it also no longer appeared in any crypto wallet on my device. This is web3, though, how is that possible?