I think the technical jargon (a mix of crypto, distributed systems, and finance) leads people to believe that what's going on in crypto is smarter than it is.

I think the technical jargon (a mix of crypto, distributed systems, and finance) leads people to believe that what's going on in crypto is smarter than it is. It's what P.T. Barnum might have called "flim flam"; ~ "if you can't dazzle them with brilliance, baffle them with bullshit." Relevant discussion in the "Line Goes Up" Youtube video that's very good but extremely long (2h!) https://www.youtube.com/watch?v=YQ_xWvX1n9g&t=8m36s https://www.youtube.com/watch?v=YQ_xWvX1n9g&t=8m36s