> The absolutism towards […] > I'll tell you that both extremes are incorrect. Being extreme or not have little bearing on an opinion being correct. Some opin

> The absolutism towards […] > I'll tell you that both extremes are incorrect. Being extreme or not have little bearing on an opinion being correct. Some opinions, such as "murder is bad", are both extreme (they suffer very few exceptions), and correct. And it happens quite often that the most informed opinions also happen to be the most extreme. And as far as I can tell, this seems to be the case for crypto currencies: the more I look at them, the more I think they cannot be redeemed: to date, I have seen no problem that is best solved by a blockchain, and I increasingly doubt there ever will be. --- > Not all cryptocurrency projects are scams I can believe that. However, I do believe that all crypto currencies, without even a single exception, are a net bad for the world. If we restrict that to proof-of-waste crypto currencies, that belief is a near certainty. Long story short, it seems that in practice, all crypto currencies eventually devolve into a pyramid scheme. They're also used as an actual currency, but their volatility is such that it's not very practical to begin with, and that use is so marginal compared to "investment" that the financial freedom gained by people who actually need it is outweighed by the harmful side effects of the pyramid. (We ruin more people than we save.) Add proof of work (or space-time, or whatever scarce resource you can think of), and you end up with a massive waste of resources on top of that. A waste so massive in fact that it manages to influence electronics prices around the world, not to mention the energy consumption of the Bitcoin network alone, in a world that really really needs to reduce its CO2 emissions. Like right now. https://en.wikipedia.org/wiki/IPCC_Sixth_Assessment_Report https://en.wikipedia.org/wiki/IPCC_Sixth_Assessment_Report They may not be all scams, but as far as I can tell all honest attempts are doomed to fail.