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> And billions in international foreign and military aid through non-crypto means That doesn't invalidate crypto > Traditional banking and fiat money is good

> And billions in international foreign and military aid through non-crypto means That doesn't invalidate crypto > Traditional banking and fiat money is good With flaws that crypto solves > nobody actually pays anything with crypto because of inconvenience, transfer costs, speed and value instability False, there are merchants that accept payments in crypto and stablecoins. Though it is true that asset transfers are currently the more prominent use case for crypto than everyday transactions. > it's an asset used to convert from / to fiat money, it's an investment product, it's a ledger of certificates for poorly drawn or generated jpegs. Ok, and what's the problem? There are many other applications for crypto you didn't address that could be found in any "intro to web3" article. Also dismissing NFTs as just "a ledger of certificates for poorly drawn or generated jpegs" shows you've done literally zero research on NFTs. There's more to NFTs than pictures of monkeys. > The only success stories and practical applications for crypto and blockchain technology I've heard is people getting rich off it That's because you haven't done any research on what you're dismissing.

Socotra 5y ago
If you have to do so much of your own research to finally find a useful use case for crypto or grasp the genius concept behind NFT. If no one can understand why it is so revolutionary. Is it maybe that there is nothing to be found behind the artificial complexity? Something so revolutionary should be easy to understand. The concept of Internet was easy to understand (fast communication, availability of information,...) the complexity lay in understanding the scale and the pace at which the problem would be technically solved.
- everfree 5y ago
  > The concept of Internet was easy to understand (fast communication, availability of information,...) Not really - I think you're introducing hindsight bias. This famous David Letterman clip with Bill Gates is pretty representative of the population's poor understanding of the benefits of the Internet. This clip was from just over a decade after the Internet was invented, so roughly the same amount of time that we are right now since the concept of distributed ledger technology was invented. https://www.youtube.com/watch?v=gipL_CEw-fk https://www.youtube.com/watch?v=gipL_CEw-fk

Socotra 5y ago

If you have to do so much of your own research to finally find a useful use case for crypto or grasp the genius concept behind NFT. If no one can understand why it is so revolutionary. Is it maybe that there is nothing to be found behind the artificial complexity? Something so revolutionary should be easy to understand. The concept of Internet was easy to understand (fast communication, availability of information,...) the complexity lay in understanding the scale and the pace at which the problem would be technically solved.

everfree 5y ago
> The concept of Internet was easy to understand (fast communication, availability of information,...) Not really - I think you're introducing hindsight bias. This famous David Letterman clip with Bill Gates is pretty representative of the population's poor understanding of the benefits of the Internet. This clip was from just over a decade after the Internet was invented, so roughly the same amount of time that we are right now since the concept of distributed ledger technology was invented. https://www.youtube.com/watch?v=gipL_CEw-fk https://www.youtube.com/watch?v=gipL_CEw-fk