Lengthy-time Slashdot reader mabu writes: Adam R. Smith, a software program engineer with 40+ years of expertise reportedly grew to become pissed off together with his associates and associates’ claims in regards to the potential of crypto expertise and their subsequent losses of cash in varied schemes, and got down to write a sequence of articles explaining what blockchain is and whether or not it lives as much as its claims. This ended up morphing right into a ardour venture that produced an 84 minute documentary entitled, “Blockchain — Innovation or Phantasm?
The movie, which is at the moment making the rounds at varied movie festivals, has lately been launched on-line in its entirety on YouTube. In it, Smith, who goes by the alias, “American Scream” explains what blockchain is in layman’s phrases, the way it pertains to standard databases and tech, and the way the crypto trade appears extra dependent upon coercive psychology, than innovation. The movie addresses all kinds of subjects together with, “Is blockchain disruptive?”, “Is de-centralization even worthwhile?”, and explains the how and why tokens, mining, and different blockchain-based parts like good contracts and NFTs function.
Within the second half of the movie, Smith goes into particular claims and eventualities comparable to, “Is blockchain actually immutable?” and “Can blockchain confirm authenticity?” figuring out widespread points like “The Oracle downside” and whether or not arguments like, “Crypto helps financial institution the unbanked” and “Crypto is digital gold” actually make sense?
John Reed Stark, former Chief of the SEC Workplace of Web Enforcement referred to as Smith one in all his favourite technologists and that the movie was “spot on” in its characterization of the expertise.
Watch the total documentary right here.
