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Comment by woodruffw

> In my view, one of the advantages of cryptocurrencies as the foundation of a separate financial system is that systems are, by necessity, subject to adversarial hardening. In this interpretation, Avraham’s actions act to strengthen the system in the long run.

The language of "adversarial hardening" is torturous, and amounts to a tacit admission of failure: that cryptocurrency somehow needs to go through a process of making every single mistake that traditional finance has made and corrected for.

The necessity of this repeated rake-to-face process is not elaborated or further justified.

parent woodruffw 4 years ago

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