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It's so rare that I see people who actually understand the problem crypto solves; essentially everyone is either balls deep on the clueless hype train, or full
by pixelpoet 4y ago
It's so rare that I see people who actually understand the problem crypto solves; essentially everyone is either balls deep on the clueless hype train, or full of vitriol that there's a real thing happening they don't like or really understand.
IMO you said it perfectly and it's worth emphasizing for programmer types:
> The one thing of value that crypto actually delivers [...] is atomic multi-party transactions across unrelated parties.
I wouldn't say it's the one/only thing though: Ethereum builds a trustless computation platform on top this core primitive, which I think is pretty fundamental and impressive (especially when you consider Vitalik Buterin was 21 when he created it, and already had a long career of writing for Bitcoin Magazine; in particular this article from 2014 criticising Bitcoin's centralisation: https://bitcoinmagazine.com/business/opinion-on-mining-1403298609 https://bitcoinmagazine.com/business/opinion-on-mining-14032...).