1) Electricity used. This scheme
only multiplies the computing requirements
for a calculation by less than 100 fold
It's bad enough that bitcoin mining itself is so energy intensive, but now we're coming up with additional power-hungry schemes.2) (Ab)use of the blockchain:
Enigma stores that metadata in the bitcoin
blockchain, the unforgeable record of messages
copied to thousands of computers to prevent
counterfeit and fraud in the bitcoin economy
So eventually the whole world will use the one true blockchain for "unforgeable records" of everything? Eventually the chain will grow by what, 1 GB per hour, 1 GB per minute, 1 GB per second?