Blockchain’s Occam Problem

Centralisation is much simpler than decentralisation. Decentralisation therefore only has value if it’s able to overcome problems posed by centralisation, e.g. censorship of finicial transactions. Therefore, blockchain’s only viable app is avoiding / defending oneself from government / banking controls. Every other use case is better suited to traditional centralised architectures.

> McKinsey’s work with financial services leaders over the past two years suggests those at the blockchain “coalface” have begun to have doubts. In fact, as other industries have geared up, the mood music at some levels in financial services has been increasingly of caution

Who writes this stuff? I assumed with McKinsey you'd at least get exceptionally clear and concise communication and analysis.

Granted all the assumptions are likely to be made up and the conclusions nonsense, but still.

In case of Goldman an article like this was followed by an acquisition of a crypto startup (Poloniex) about a year ago.