One of her worst pieces yet IMHO. Therein you learn that Kaminska doesn’t approve of people’s right to do whatever the heck they want with their capital.
I don’t think the author has really grokked Bitcoin, but I still include this article because it’s interesting to read the opinion of an otherwise shrewd technology analyst.
We initiate the study of decentralized namespaces and the market for names in such systems. Our extensive empirical analysis of Namecoin reveals a system in disrepair.
One could compare the mining approach to block generation to a short-term dictatorship, while the validator approach is more akin to democracy. While both systems can be exploited or used for good (the Roman Republic elected their dictators in times of need, while democracy can spiral into mob rule), the democracy of validators requires more parties to be malicious before the system becomes compromised.