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1. The technology does not solve a real problem. What about money laundering? And does it not make the time-honored profession of ransoming so much more ... f

by vanusa 5y ago

1. The technology does not solve a real problem. What about money laundering? And does it not make the time-honored profession of ransoming so much more ... frictionless? I am so tired of hearing these sour-grape protestations that crypto does not solve real problems that real people have.

mattwilsonn888 5y ago
What about scarce asset portability? I am so tired of hearing these sour-grape protestations that crypto does not solve real problems that real people have. Inb4: "How is crypto scarce when you can just make another one?" i.e. "I don't understand the relationship between hashpower and security."
- panarky 5y ago
  It's adorable how smart people can write thousands of words making eloquent arguments against something nobody has the ability to eliminate. It's like writing "The Case Against People Gossiping About Other People". Maybe reading your arguments against gossiping persuade a few people to stop gossiping, but gossiping, like cryptocurrencies, is a thing that will never go away no matter how strong your case is.
  - mattwilsonn888 5y ago
    That's a fair point - it does really make one think about what the merit for "the absolute case against any and all [anything really]" is at all. The people who will do the work which actually alleviates legitimate complaints about crypto will be doing it from the inside, as optimists, who see problems and find solutions, rather than giving up and declaring the problem an irrecoverable caner. You don't like the energy being used for hashing? There is a lot of research and work going on in alternatives, most people know about Proof of Stake (though they mistake it for a sort of oligarchy). There are zero knowledge proofs as well - and this absolutism against hashing comes from the conception that crypto has no value (otherwise you have to do cost-benefit analysis and that is difficult, too difficult for most skeptics). Don't like the insiders scamming newbies? Rather than outlawing the whole market, how about you join people working on presale distributions and contract readability so that investors bear similar or less risk to developers and don't require large initial investments from venture capitalists who are incentivized to dump on retail. And so that understanding what a smart contract does doesn't require decompiling bytecode to an object oriented langauge. My point is - there are two ways to look at problems: optimism or pecimmism. Pessimism is simply the first half of optimism, the second half, the problem solving, is where the money gets made. Ironic the skeptics make it half way yet end up further than the typical Doge investor.

by vanusa 5y ago

mattwilsonn888 5y ago

What about scarce asset portability? I am so tired of hearing these sour-grape protestations that crypto does not solve real problems that real people have. Inb4: "How is crypto scarce when you can just make another one?" i.e. "I don't understand the relationship between hashpower and security."

panarky 5y ago
It's adorable how smart people can write thousands of words making eloquent arguments against something nobody has the ability to eliminate. It's like writing "The Case Against People Gossiping About Other People". Maybe reading your arguments against gossiping persuade a few people to stop gossiping, but gossiping, like cryptocurrencies, is a thing that will never go away no matter how strong your case is.
- mattwilsonn888 5y ago
  That's a fair point - it does really make one think about what the merit for "the absolute case against any and all [anything really]" is at all. The people who will do the work which actually alleviates legitimate complaints about crypto will be doing it from the inside, as optimists, who see problems and find solutions, rather than giving up and declaring the problem an irrecoverable caner. You don't like the energy being used for hashing? There is a lot of research and work going on in alternatives, most people know about Proof of Stake (though they mistake it for a sort of oligarchy). There are zero knowledge proofs as well - and this absolutism against hashing comes from the conception that crypto has no value (otherwise you have to do cost-benefit analysis and that is difficult, too difficult for most skeptics). Don't like the insiders scamming newbies? Rather than outlawing the whole market, how about you join people working on presale distributions and contract readability so that investors bear similar or less risk to developers and don't require large initial investments from venture capitalists who are incentivized to dump on retail. And so that understanding what a smart contract does doesn't require decompiling bytecode to an object oriented langauge. My point is - there are two ways to look at problems: optimism or pecimmism. Pessimism is simply the first half of optimism, the second half, the problem solving, is where the money gets made. Ironic the skeptics make it half way yet end up further than the typical Doge investor.