A major characteristic of the crypto/blockchain trend I noticed is how so much of it is "creative" gibberish - new concepts, words, systems, architectures - but

A major characteristic of the crypto/blockchain trend I noticed is how so much of it is "creative" gibberish - new concepts, words, systems, architectures - but when I dig down to their essence, it's like a castle made of sand, or a pipe dream made of clouds. I keep thinking, there must be some concrete technical innovations that drive this flourishing new field. Occasionally there's an insight, like distributed computing, decentralized and trustless - and it gives me hope that something real is happening, that there's practical value. But then I see the ecosystem and market full of pseudo-technical BS and outright fraud. It reminds me of modern financial instruments with intellectual-sounding concepts, derivatives, securities, repackaged loans, and so on, enabling a wide range of tricks and scams upon the public. As far as scams go, it makes sense that most of it is made up of words, like politics and religion. And maybe some parts of the story can be based on reality, to make it sound more believable. Microsoft Entra seems to be marketed to enterprise customers, big money. But that's the completely wrong audience to try and sell "decentralized". Enterprise-scale companies need centralization of identities. --- I gotta admit though, even after the disillusionment and breaking the spell, I'm still a little bit curious and hopeful that the crypto/blockchain hype has at least a few nuggets of real, practical value. It's a great con indeed, and one of the biggest mass "nerd sniping" I've witnessed.