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Count me as one of the people in the silent majority. (Well, not exactly "silent" because I'm talking about it now in Hacker News, but the things I write don't
by csande17 5y ago
Count me as one of the people in the silent majority. (Well, not exactly "silent" because I'm talking about it now in Hacker News, but the things I write don't usually reach the general public.)
You're right that cryptocurrency enthusiasts are always generating new work and coming up with new ideas. Actually, they do this a lot more easily than other domains, because the fact that their entire field is a scam means there are a lot fewer of those pesky roadblocks like "the idea not actually accomplishing the thing you think it does" to contend with.
The fact is that nearly all cryptocurrency projects rest on one of a few obviously-false premises. Like "systems that require every participant to store the entire history of transactions forever scale well", or "people in the real world want every transaction they make to be completely irreversible", or "digital legers are guaranteed to accurately track the state of real-world objects". If you dismiss these, you can dismiss all the projects that depend on them without needing to know the difference between a MerkleCat and a SatoshKitty.