3 ms·

It's fine to criticize a technology and saying that you don't understand what problem it solves, but responding to every comment, even those that make clearly v

It's fine to criticize a technology and saying that you don't understand what problem it solves, but responding to every comment, even those that make clearly valid points, with "means nothing to me" and "not a problem for me" without any counterarguments is quite rude. These people are taking the time to answer your questions. For example, intermediaries such as brokerages and banks taking money from your investments and selling your data (and order flow in the case of trading) is clearly inefficient and unnecessary, even if you don't care about it personally.

wruza 6y ago
They make a pretty common point. Nobody around e.g. me has an ability to have even a glimpse of understanding what eth/crypto is except for speculation and low-tech fraud, and then for me "sharing value like art and album via crypto as a futuristic mean to share digital values" is bird-gibberish nonsense. General population will never be too smart on average to benefit from this "whatever".
- deeeeplearning 6y ago
  The same is true about the majority of the workings of the internet, or the electrical engineering that built their phones or dozens of other things people use everyday without understanding. How is that relevant in this case?
  - lifeformed 6y ago
    Because laypeople know what benefit the internet or their phones provide. No layperson knows what the benefit of cryptocurrency is.
    - damon_c 6y ago
      > laypeople know what benefit the internet Yes that's true now, but what about in 1997? That's what year it is in Ethereum now.
      - kgilpin 6y ago
        Well to be fair, transferring information instantly was pretty great even in 1997.
        Sargos 6y ago
        You'd think so but that wasn't a popular idea in 1997. Most people really didn't see much of a use for the internet.
        roolah 6y ago
        Well to be fair, transferring money instantly would be pretty great for 2020. I mean, the only way I can pay rent to my landlord in 2020 is by having my bank send them a physical check that takes 5d to arrive (during which time no-one gets any interest), or then use multiple Zelle payments since I have an artificial cap that is lower than my rent.
    - deeeeplearning 6y ago
      Hell laypeople until the mid 2000s still didn't grasp what the Internet could be other than it was a stock market bonanza. Sounds familiar...
  - wruza 6y ago
    But crypto proponents describe use cases, not inner workings. Use cases for telecom were obvious much earlier that the internet itself, thousands of years of lost messages and messengers.
    - literallycancer 6y ago
      So uh, this remote sound transmitter seems like it might find niche use in the classical music orchestra space, but we don't see the talk-to-friends use case working out. Who would want to talk to their friends that often?

wruza 6y ago

They make a pretty common point. Nobody around e.g. me has an ability to have even a glimpse of understanding what eth/crypto is except for speculation and low-tech fraud, and then for me "sharing value like art and album via crypto as a futuristic mean to share digital values" is bird-gibberish nonsense. General population will never be too smart on average to benefit from this "whatever".

deeeeplearning 6y ago
The same is true about the majority of the workings of the internet, or the electrical engineering that built their phones or dozens of other things people use everyday without understanding. How is that relevant in this case?
- lifeformed 6y ago
  Because laypeople know what benefit the internet or their phones provide. No layperson knows what the benefit of cryptocurrency is.
  - damon_c 6y ago
    > laypeople know what benefit the internet Yes that's true now, but what about in 1997? That's what year it is in Ethereum now.
    - kgilpin 6y ago
      Well to be fair, transferring information instantly was pretty great even in 1997.
      - Sargos 6y ago
        You'd think so but that wasn't a popular idea in 1997. Most people really didn't see much of a use for the internet.
      - roolah 6y ago
        Well to be fair, transferring money instantly would be pretty great for 2020. I mean, the only way I can pay rent to my landlord in 2020 is by having my bank send them a physical check that takes 5d to arrive (during which time no-one gets any interest), or then use multiple Zelle payments since I have an artificial cap that is lower than my rent.
  - deeeeplearning 6y ago
    Hell laypeople until the mid 2000s still didn't grasp what the Internet could be other than it was a stock market bonanza. Sounds familiar...
- wruza 6y ago
  But crypto proponents describe use cases, not inner workings. Use cases for telecom were obvious much earlier that the internet itself, thousands of years of lost messages and messengers.
  - literallycancer 6y ago
    So uh, this remote sound transmitter seems like it might find niche use in the classical music orchestra space, but we don't see the talk-to-friends use case working out. Who would want to talk to their friends that often?