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It certainly didn’t help that the crypto community was choke-full of conspiracy theorists, libertarians that never read anything else after falling in love with
by IAmEveryone 7y ago
It certainly didn’t help that the crypto community was choke-full of conspiracy theorists, libertarians that never read anything else after falling in love with Ayn Rand as teenagers, and get-rich-quick schemers.
The idea was fascinating, and Bitcoin has held up marvelously considering it was essentially a prototype with high barriers to change after becoming popular. There’s a Nobel Prize waiting if the rightful owner ever wants to come forward to claim it.
But, at least for me, it was the culture, especially around Ethereum, that ultimately stopped me from wanting to have anything to do with it. Which is ironic, because a large part of that culture was the denial that anything like “culture” exists, that “trust” and “institution” are terms with meaning, etc.
- karlmcguire 7y ago> It certainly didn’t help that the crypto community was choke-full of conspiracy theorists, libertarians that never read anything else after falling in love with Ayn Rand as teenagers, and get-rich-quick schemers. I agree. Because of the nature of cryptocurrency, the industry has always just been wrought with fraud. It has something to do with Telegram chats, the "wild west" feeling, semi-anonymous currency transactions, and the feeling most people have that there is (or was) a real possibility that they could gamble and win big with little effort. The entire industry can almost be seen as a giant, anonymous slot machine.
- magnamerc 7y agoWhat's wrong with the culture around Ethereum?