According to few popular computer scientists the crypto industry is misleading the public about blockchain technology.
The list were has 26 computer, Harvard lecturer Bruce Schneier, Microsoft engineer Miguel de Icaza and Google Cloud’s principal engineer Kelsey Hightower were few among them. This team of Computer Scientists have given a letter to the US Officials.

These Computer Scientists have given few statements on cryptocurrency and Blockchain technology.

• "The claims that the blockchain advocates make are not true. It’s not secure, it’s not decentralized. Any system where you forget your password and you lose your life savings is not a safe system.”
• “We urge you to resist pressure from digital asset industry financiers, lobbyists and boosters to create a regulatory safe haven for these risky, flawed and unproven digital financial instruments"
• "Crypto-assets have been the vehicle for unsound and highly volatile speculative investment schemes that are being actively promoted to retail investors who may be unable to understand their nature and risk.”
• The computational power behind blockchain is the equivalent of what one could do in a centralized way with a $100 computer.
• “We’re essentially wasting millions of dollars worth of equipment because we’ve decided that we don’t trust the banking system.”

Computer Scientists Say Crypto Industry Is Misleading the Public About Blockchain Technology

What about your view on these statements?