Horribly written article -- doesn't go into any detail about the proposal, uses anecdotal data, and author is extremely biased. Seems like the author has an axe to grind. The proposal from Peirce is novel and much superior to the current SAFT framework; The SEC proposal is definitely worth a read.
That’s all fair because crypto is a solution in search of a problem space. When all you’ve got is a bicycle you’re going to try and ride that bad boy everywhere even if it’s not at all appropriate. Blockchain folks are enamored by the technology and have no concept of the problems they’re trying to solve with it so naturally fail.
