MIT Tech Review: “Cryptocurrency one of the worst technology of 21st century, blockchain revolutionary”

MIT’s premier publication “Technology Review” has taken out a list of Top 10 worst technologies invented in the 21st century. Unfortunately, cryptocurrencies have made it into the list, but Technology review hails the blockchain, the underlying technology behind cryptocurrency as revolutionary.

MIT Technology Review thinks that cryptocurrencies have been misapplied. On Cryptocurrencies, MIT Technology Review quoted,

“So far cryptocurrency looks mainly like a way for a handful of speculators to get very rich while a lot of other people end up poorer.”

According to Technology Review, a technology can de be described as bad if it fails to achieve admirable aims, or because they succeed in wicked ones. Technology that has been misapplied have made it to the list as well.

In the list, the underlying technology is praised but the product on top of the technology is criticized. For eg, the technology behind Google glass and cryptocurrency is praised (Augmented reality and Blockchain), but the products through that technology are criticized.

The worst technology of the 21st century includes,

1. Segway
2. Google Glass
3. Electronic Voting Machines
4. One laptop per child
5. CRISPR babies
6. Data trafficking
7. Cryptocurrency
8. e-cigarettes
9. Selfie sticks

Most of the technology is being crticized because Technology Review thinks they are out of their time or have led to more problems. Consider “One Laptop per Child”, although not a technology (more like a policy), is still crticized as the policy became obselete with the introudction of smartphones.

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