This is totally an aside, but Im not into crypto and have a fairly negative connotation with it but I don’t necessarily think crypto is bullshit. I think the problem with crypto is that it misjudges the world, or is at least positioned for a very cynical version of the world that doesn’t currently exist.
Is crypto kept alive on evangelism? Yes.
Not really that useful at the moment (and maybe never will be)? Yes.
Has lots of pump and dump, scams, bad people doing bad stuff? People who have no clue what they’re talking about spewing bullshit? Resounding yes.
But I don’t think it’s bullshit because it does solve a real problem - verifying transactions independently. But of course there are trade offs with this, such as bitcoin’s power consumption. The disconnect comes from crypto people misjudging the world. The current financial system simply isn’t so bad to require all the weird trade offs of crypto.
Is crypto kept alive on evangelism? Yes.
Not really that useful at the moment (and maybe never will be)? Yes.
Has lots of pump and dump, scams, bad people doing bad stuff? People who have no clue what they’re talking about spewing bullshit? Resounding yes.
But I don’t think it’s bullshit because it does solve a real problem - verifying transactions independently. But of course there are trade offs with this, such as bitcoin’s power consumption. The disconnect comes from crypto people misjudging the world. The current financial system simply isn’t so bad to require all the weird trade offs of crypto.