The Internet and Blockchains potential?

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Spikymike
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Joined: 6-01-07
Dec 16 2017 18:16
The Internet and Blockchains potential?

So aside from valid criticism of overblown claims being made on behalf of alternative currencies and the supposed hidden revolutionary potential of 'information technology' (as with Paul Mason for instance) what do anarchists and others make of this particular aspect of computer systems usage and it's potential for the future?
See here: www.worldsocialism.org/spgb/socialist-standard/2010s/2017/no-1360-decemb...
Not at my best understanding all this.

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gram negative
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Joined: 24-11-09
Dec 17 2017 05:59

the basic idea behind the technology is interesting, but it leads to an arms race of processing power, which leads to increasing energy usage. coin mining is taking increasingly large amount of electricity to power, with estimates in the terawatt range for bitcoin