>I hope I never become as intensely default-skeptical of new technologies. You know, it's not skepticism for its own sake. You can actually read through some o

>I hope I never become as intensely default-skeptical of new technologies. You know, it's not skepticism for its own sake. You can actually read through some of the critiques you encounter and then conjure your own refutations against them rather than dismiss them without digesting them. You should also pay heed to the opinions of HN'ers more-so than any other group because it's overwhelmingly comprised of objective people who are both tech and finance savvy, which a majority of people involved in crypto are neither, ironically. Here's a good one: Deflationary currency & the hallmarks of a greater fool scheme: news.ycombinator.com/item?id=30987714. Here's a couple of my own opinions: The idea of peer-to-peer currency is ideal in theory, but it doesn't seem to work. You still get manipulation like with traditional currency, only the manipulators cannot be identified or held accountable, and there aren't hundreds of years worth of laws and regulations and systems for preventing these crimes and judging bad actors. PoW is viable but doesn't scale, unless we figure out a way to swallow whole planets-worth of fuel by 2100 every time someone wants to buy a baguette. PoS scales, but it's just reinventing banks in the most inefficient way imaginable, replete with all the centralized ills that crypto people ostensibly desire to escape. Crypto is a new technology contending with a very old and mature one that's working well enough - finance. And though finance has some problems (nothing is perfect), crypto has solved none of them, other than fattening the wallets of a few scammers and lucky idiots. I would love to hear of just one time where crypto solved a problem a person or business had where modern finance could not. A real example, a thing that actually happened, not a theoretical scenario. I haven't heard of one yet. Of course, if you're married to an idea like "crypto good; skepticism bad", then no one can help you, and if that's the case, then I'd like to let you in on something (don't tell anyone!): SCMME is pumping and we're still early: great yields, stake and earn 10000% APY - you DO NOT want to miss this.'