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Article started out strong, but falls away from being persuasive pretty quickly. > Many believe in it because they have swallowed libertarian dogmas that do no
by meowkit 6y ago
Article started out strong, but falls away from being persuasive pretty quickly.
> Many believe in it because they have swallowed libertarian dogmas that do not reflect how the world actually works.
Quite humble to assume they know how the world actually works.
There are too many straw man arguments used about what core crypto enthusiasts/developers actually believe and want with no respective for narrative evolution over time.
There is no steel manning of how crypto enthusiasts may respond to some of the criticisms leveled, and the author takes a cheap out- starting out with the assertion that they will use cryptocurrency and Bitcoin interchangeably, absolving them of any need to discuss other cryptocurrencies and their novel functions and goals.
There is no criticism of the current fiat monetary system and its shortcomings (though admittedly I started to skim).
Great article if you’re not interested in your viewpoint being challenged.
- jb_gericke 6y agoAgree, a lot of surface arguments and very disconnected / short-sighted in terms of the future of crypto and applications of block chain in general. Bitcoin as a cryptocurrency is nascent, and certainly has userland issues, especially if you're not somewhat of a technologist. The author misses the point in terms of how quickly things are evolving and will continue to evolve to bring down the usability gap. Secondly I think the author misses the point in just how powerful decentralization is.
- HWR_14 6y agoI kinda hit this in my post elsewhere, but what's the value of decentralization to me. Not the goldbug-like anti-Fed case, but the value of decentralized transactions.