A group of technology experts is calling upon officials in Washington to crack down on what they believe to be misleading lobbying from the crypto industry.
According to a report from The Financial Times, 26 leading computer scientists and academics have signed and delivered a letter to US officials in the capital criticizing cryptocurrencies and blockchain technology.
The group, which includes Harvard lecturer Bruce Schneier, Microsoft engineer Miguel de Icaza and Google Cloud’s principal engineer Kelsey Hightower, aims to “counter-lobby” against the growing crypto and blockchain lobbying groups.
Says Schneier,
“The claims that the blockchain advocates make are not true. It’s not secure, it’s not decentralized. Any system where you forget your password and you lose your life savings is not a safe system.”
In the letter seen by FT, the authors ask officials to think twice before yielding to crypto lobbyists.
“We urge you to resist pressure from digital asset industry financiers,...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...