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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

"Harmony and consensus are valuable. But harmony taken to the extreme becomes a detriment. In The Lego Movie (above) utopia, 'everything is awesome' is only on the surface. Behind the scenes, there is tremendous diversity and a rapidly changing world, which doesn't match the established consensus," writes Mr Thomas.

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...

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