9 ms·
Sure. I'm less going by "history" and more by "first principles." Crypto provably does what it says on the tin to some degree, even if that degree is low. I wou
by jrm4 4y ago
Sure. I'm less going by "history" and more by "first principles." Crypto provably does what it says on the tin to some degree, even if that degree is low. I wouldn't use recent past performance as a strong predictor of immediate future performance; thinking more long term possibilities.
- wpietri 4y agoI have to wonder when imaginary "first principles" speculation for crypto will give way to evaluating it on its actual track record.
- jrm4 4y agoI mean, it's extremely young in the history of the existence of money. I don't think you can say anything meaningful about its track record as of yet.
- wpietri 4y agoI absolutely can. Venmo and M-Pesa are equivalently young and have proven track records that are easy to evaluate. Because they work! If you want to make the case that cryptocurrencies deserve to be judged by something other than the absolute clusterfuck they have been so far, you have to make some sort of argument, preferably one with significant data. Otherwise, I think we're in the territory of "what can be asserted without evidence can also be dismissed without evidence".