Man who introduced millions to bitcoin says blockchain is a bust
The ledger software is too rigid to gain wide adoption, according to Stefan Thomas
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New York
STEFAN Thomas, who introduced millions of people to bitcoin, has had a change of heart.
Blockchain, the ledger software that makes the digital currency possible, is too rigid to gain wide adoption, he wrote in an essay titled "The Subtle Tyranny of Blockchain." The technology's backers think it can revolutionise a wide range of industries including finance, international trade and healthcare.
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