Episode 149 - DARPA creating crypto FUD, but Bitcoin community not having it

Eureka Street Creative Podcast

Good morning! This morning I go over a report by Trail of Bits commissioned by DARPA to look for vulnerabilities in crypto, specifically Bitcoin and Ethereum. A friend of mine brought this Trail of Bits podcast to my attention that talks about this report and the findings that Bitcoin and Ethereum are not as nearly decentralized as their communities claim them to be and go on to state lots of reasons why. I was a bit concerned as the podcast and the article did indeed work on me. However, I went on to find a counter-article by Swan Bitcoin that brought to light the incorrect and misleading claims made by Trail of Bits. I have it all linked below and I will let you decide. But I will ask you, who has the greater motive for crypto to be found incompetent? It ain't the crypto community.

Sources:

https://www.techrepublic.com/article/pentagon-finds-concerning-vulnerabilities-on-blockchain/

https://assets-global.website-files.com/5fd11235b3950c2c1a3b6df4/62af6c641a672b3329b9a480_Unintended_Centralities_in_Distributed_Ledgers.pdf

https://www.trailofbits.com/

https://trailofbits.audio/episodes

https://www.imf.org/en/News/Articles/2022/02/09/sp020922-the-future-of-money-gearing-up-for-central-bank-digital-currency

https://digitaltech.com/data-center-alley-why-70-of-internet-traffic-flows-through-ashburn-virginia/

https://www.swanbitcoin.com/fact-check-darpa-funded-report-on-blockchain-centralization/

https://twitter.com/BTC_Archive/status/1542126740843241473