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> Its too early! I think most critics of crypto come into the conversation with a "crypto is bad, and so I must find ways to reinforce this belief", and it's r
by flaque 5y ago
> Its too early!
I think most critics of crypto come into the conversation with a "crypto is bad, and so I must find ways to reinforce this belief", and it's relatively obvious that the critic doesn't have the perquisite knowledge to craft a critique that can be responded to easily.
Specifically, a critic might say "the set A is bad". The critic is under the assumption that the set A is small, perhaps a few items, and they've seen the majority of them. But the "defender" knows that the set is hundreds of thousands of items, but still has only seen a few of them.
The critic operates under the assumption of maybe 4/5 items are bad, and the defender is operating under the assumption that 4/100,000,000 are bad.
So when a critic asks you to link to projects, there's a problem: even if the defender shows 100 projects, and the critic rejects all of them, then it doesn't change the defender's position, because 104/100,000,000 is still a small survey.
Sane "defenders" don't need to disagree with the critics on their points. They can differ primarily in seeing a much, much larger, unexplored search space.
If you assume the space has been fully searched, then its safe to stand back and critique. However, many folks conducting the search see much farther than you do, and see the entirely unexplored space as quite large. And so, it’s reasonable for the defender to not want to engage in your risky position, that assumes snake eyes for the next 100,000 dice rolls.
If you see how large the unexplored search space is, then it sounds ridiculous to declare the entire thing “done and bad”. It’s the same reason why you may choose not to engage with the flat earther. It’s hard to engage with a position so disconnected from rationality.
That said, there’s plenty of people in crypto who are equally disconnected from reality, either because they too only see a small search space, and have declared the contents “good” with little examination, or because they see the large search space and assume all dice rolls will come up as 6’s.
Those folks tend to create a cycle. Folks with no opinion see crazy crypto person, and develop into their own crazy anti crypto person. Neither party is acting rational, because both have claimed certainty with extremely little working information.
That said, there's other projects that are worth while, here's some to add to your N:
- https://strangemood.org https://strangemood.org (decentralized competitor to steam; this is what I work on)
- https://www.helium.com https://www.helium.com (incentive layer for the LoRaWAN network)
- https://tea.xyz https://tea.xyz (new homebrew)
- https://handshake.org/ https://handshake.org/ ("really" decentralized DNS)
- (Compound / Aave / Solend) (decentralized loans)
> still makes no sense from a product-market fit (storage has 3 metrics to judge by: price, retrieval latency, reliability. Filecoin is order of magnitudes worse than competitiors on all metrics)
We use Filecoin and IPFS and have found solutions to these issues typically, and are happy "customers". It's also worth noting that we _can't_ use S3, or traditional cloud hosting, which therefore adds a new metric for us to judge storage on: decentralization.
- bawolff 5y ago> it's relatively obvious that the critic doesn't have the perquisite knowledge to craft a critique that can be responded to easily. Funny. My usual assumption is that if someone makes an argument that i don't have a comeback to, its that i am wrong. Typically lack of knowledge makes it easier, not harder to respond. Hell, its things like this that make crypto sound like a cult. I.e. that the primary failure of doubters is that they haven't been suficiently indoctrinated and if they just let our lord and saviour satoshi into their heart they would see the light. > The critic operates under the assumption of maybe 4/5 items are bad, and the defender is operating under the assumption that 4/100,000,000 are bad. This isn't a numbers game. To show "crypto" is a good approach, you have to show some generic ideas that are useful in multiple contexts. Nobody cares how many failed projects there are. Its the successes that matter. Right now you basically have "currencies" if i am being generous. Everything else is stuff that doesn't make sense and would have zero adoption if not for the massive hype train. > If you assume the space has been fully searched, then its safe to stand back and critique. However, many folks conducting the search see much farther than you do, and see the entirely unexplored space as quite large. I don't think anyone believes this. If your position is that the crypto space is currently useless, but its possible that someone at some point may make a breakthrough which changes things, i think most critics would agree. The breakthroughs that are needed to make things interesting are even pretty obvious. E.g. Efficient (much beyond the current generation) general purpose zero knowledge proofs of computation, efficient fully homomorphic encryption. If these things happen, i would find the space a much more interesting one. However these are hard problems - progress is being made but we are still nowhere close. Until then its not an interesting space. Its sort of like if someone was doing things that required fast solutions to np complete problems, and countered criticism by saying we dont know that np!=p, maybe someone will find an algorithm. They are not wrong, but they aren't compelling either. > a bunch of examples Seem mostly about doing things you could just as easily do without blockchain. Except maybe helium which does sound like it has a story for why it needs to use these technologies. > It's also worth noting that we _can't_ use S3, or traditional cloud hosting, which therefore adds a new metric for us to judge storage on: decentralization. Genuinely curious - why not? Is it just for ideological reasons or is there an actual use case preventing you?
- 5y ago