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In general I agree, but there's just so much damn smoke.

• BLKNSLVR 5y ago
  How much smoke billows off Wall Street though? Didn't that particular garbage fire get re-lit surprisingly soon after the GFC? I'm somewhat pro-crypto for it's anti-establishment roots (which are barely visible these days) and so I find it interesting that the standard it's held to is much higher than that for existing 'finance' - for which the bar is incredibly low, seemingly for the only reason that society has developed a callous against all that (g)rubbing.
  • floodyberry- 5y ago
    "finance is corrupt" doesn't work in favor of crypto because insofar as crypto addresses the issue, it only allows finance to be even _more_ corrupt
    • BLKNSLVR 5y ago
      I genuinely think cryptocurrency makes transparent what 'finance' (and the powers attached to it) would prefer remain opaque.
      • floodyberry- 5y ago
        The only thing that will be transparent with zero knowledge blockchains are the buggy contracts
  • notahacker 5y ago
    > I find it interesting that the standard it's held to is much higher than that for existing 'finance' It isn't though. It's has all the worst aspects of Wall Street, more wolves and a few unique problems, without the redeeming feature of it facilitating massive amounts of real world activity, and you'll still find more people on here defending even crypto's most blatant scams than you'll find arguing that securitising subprime mortgages is the future of homebuying but just had a few teething problems.