A group of technology experts who want to destroy cryptocurrencies, which have been growing in popularity recently, appealed to US lawmakers.
According to a June 1 report by the Financial Times, the former Microsoft engineer Miguel de Icaza, Harvard University lecturer Bruce Schneier and Google employee Kelsey Hightower have sent a letter to US lawmakers heavily criticizing cryptocurrencies and blockchain technology. Among the signatories 26 leading technologists is located.
Anti-crypto experts on the security and reliability of digital assets to its growing crypto supporters, where it warned more to oppose to be an organized community stated purpose.
Lecturer Schneier made a statement on the subject:
The claims of blockchain proponents are not true. It’s not decentralized, it’s insecure. A system where all your savings go away when you forget your password is not safe.
made statements.
“We are trying to resist those who finance the digital asset industry to create a regulatory zone for high-risk and flawed digital financial instruments.” In the letter, which made the statements, crypto and blockchain technology because it serves no real purpose is mentioned.
De Icaza, the computing power for the blockchain system He said he thinks it’s on par with things that can be done centrally with a $100 computer.
Concerns about financial stability risks are said to have increased with the collapse of TerraUSD.