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I don't hate crypto per-se. Nor am I particularly gloating about it. However I hope that the silver lining here is that this will be yet another in my evergrowi
by zaphar 4y ago
I don't hate crypto per-se. Nor am I particularly gloating about it. However I hope that the silver lining here is that this will be yet another in my evergrowing list of examples to share when I advise people not to get involved in crypto. It's not a safe environment and the people getting hurt don't deserve to get hurt. The only weapon I have to help more people not get hurt is to use these cautionary tales to help inform them of the risk. The track record of crypto indicates that right now many governments are better at the whole monetary policy thing than any blockchain.
Will blockchains fix these problems and mitigate the worst facets of human nature? Maybe, but I have no reason to believe they will right now and every argument that they will is rooted in a faith based statement about the inevitability of technilogical progress. A faith I don't subscribe to and therefore is unconvincing to me.
- ourmandave 4y agoWill blockchains fix these problems and mitigate the worst facets of human nature? Maybe,... Not sure how that will work when they power the coin of the realm for malware, human exploitation, etc.
- zaphar 4y agoLike you I'm skeptical. But there are certainly things I have faith in that other people have no reason to believe so I'll allow other people their own faith based beliefs as well.