I found the description of the cryptocurrency-space as a religion well-written and interesting. Of course, comparisons such as that are relatively common and h

I found the description of the cryptocurrency-space as a religion well-written and interesting. Of course, comparisons such as that are relatively common and has been made many times for the free software movement as well for example. However, his criticisms of cryptocurrencies are quite off IMO. > However cryptocurrency companies do not produce anything, instead they offer synthetic financial products which are marketing to the generic public as investments MakerDAO is basically a decentralized lending facility (i.e. "banks") and Compound is a decentralized money market. These are actual financial products, they serve real purposes that can also be found in the legacy financial system. Cryptocurrency engineers are building an alternative, decentralized financial system that cuts out middle men and allows anyone access to financial services (such as accepting money from anywhere in the world, or being able to lend out your capital) that were previously only available to select people. In one month, July 2020, the Federal Reserve printed more money than the first 200 years of the existence of the USA. There are serious problems with the legacy financial system, and it's good that people are building systems in parallel.