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I’m no crypto maximalist, and would struggle to argue against the position that crypto today is pretty much all scams, pump&dumps and pixie dust selling. To me
by rich_sasha 5y ago
I’m no crypto maximalist, and would struggle to argue against the position that crypto today is pretty much all scams, pump&dumps and pixie dust selling.
To me it’s a shame though, crypto as a concept is very interesting in many ways. Algorithmic money, defined by serverless programs, not COBOL behemoths. Massively distributed, yet consistent mutable database. A space where you can bootstrap an idea on a shoestring budget. A bit like internet vs cable TV and trad banks.
Except in this analogy, the “crypto” internet seems to have gone straight from Arpanet to nothing but ads, child porn, dark net and gambling, skipping past Wikipedia, Google, dotcoms (when they were plucky upstarts not to vil conglomerates). Shame.
- louwrentius 5y ago> crypto as a concept is very interesting in many ways. The examples you give mean nothing to me. What real problem is being solved by any of your examples of 'interesting'? We already have something that allows you to bootstrap an idea on a shoestring budget: the cloud.