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Ah the “No True Scotsman” fallacy. No true crypto enthusiasts would use a centralized exchange. If they’re using an exchange, they must not be a true crypto en

Ah the “No True Scotsman” fallacy. No true crypto enthusiasts would use a centralized exchange. If they’re using an exchange, they must not be a true crypto enthusiast. https://en.wikipedia.org/wiki/No_true_Scotsman https://en.wikipedia.org/wiki/No_true_Scotsman

hailwren 4y ago
Sure, differentiating between two categories of things is a logical fallacy I guess.
- deleted 4y ago
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chucksmash 4y ago
"Not your keys, not your coins" has been repeated ad nauseum on crypto forums for years. It is very much part of the ethos and received wisdom, even if often discarded. To say that centralized exchanges whom you trust to keep your assets in their custody run counter to the spirit of a system conceived with trustlessness as the defining feature is not rhetorical voodoo or fallacious reasoning.
rib3ye 4y ago
They would use one, but they wouldn’t complain when it went down and swallowed customer funds. Is there a “Every Man a Scotsman” saying?
horse666 4y ago
Is saying “most of something” a universal generalisation? The comment didn’t say “you’re not a crypto enthusiast _unless_ you believe X”. It just made an assertion (which, for what it’s worth, I think is incorrect) that the majority have a certain belief.
- hailwren 4y ago
  You’re both completely missing the point (hence, my somewhat terse original reply). It really doesn’t matter to the meaning of my comment whether the first sentence exists or not. You can simply remove it if you like, the rest of the comment is still comprehensible. And, most importantly, its main point - to differentiate between the kind of exchange the gp was referencing and the kind the post is about, still stands. This is all just a case of nitpicking some small detail that is so common and annoying. It’s the “your battery is dying” to a screenshot. Even disregarding that, are we really posting wikipedia links to No True Scotsman in 2022? Has anyone not heard of NTS? It just comes across as pedantic. Finally, you’re all hung up on the definition of “crypto enthusiast” — but it doesn’t even have meaning in the specific context. It’s just an attempt to shorten a much longer comment (like this one). In my head, crypto enthusiast was just the 15 character version of “that group of people who are very interested in the programming and theory of decentralized economies. They tend to attend crypto conferences, program solidity or other smart contract dsls, and use phrases like ‘not your keys, not your crypto’”. In that context the statement was mostly tautological stage setting for the rest of the comment, so for the whole thing to get derailed by low effort, kind of rude, attempts “but it’s an almost, but not quite logical fallacy (well, NTS isn’t actually a logical fallacy, but I am going to snarkily imply it is one)” sniping is not only wasted space … it’s boring.
psychlops 4y ago
Ah the "Straw Man" fallacy. Not addressing the argument, but pointing out a fallacy on Wikipedia. https://en.wikipedia.org/wiki/Straw_man https://en.wikipedia.org/wiki/Straw_man

hailwren 4y ago

Sure, differentiating between two categories of things is a logical fallacy I guess.

deleted 4y ago
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chucksmash 4y ago

"Not your keys, not your coins" has been repeated ad nauseum on crypto forums for years. It is very much part of the ethos and received wisdom, even if often discarded. To say that centralized exchanges whom you trust to keep your assets in their custody run counter to the spirit of a system conceived with trustlessness as the defining feature is not rhetorical voodoo or fallacious reasoning.

rib3ye 4y ago

They would use one, but they wouldn’t complain when it went down and swallowed customer funds. Is there a “Every Man a Scotsman” saying?

horse666 4y ago

Is saying “most of something” a universal generalisation? The comment didn’t say “you’re not a crypto enthusiast _unless_ you believe X”. It just made an assertion (which, for what it’s worth, I think is incorrect) that the majority have a certain belief.

hailwren 4y ago
You’re both completely missing the point (hence, my somewhat terse original reply). It really doesn’t matter to the meaning of my comment whether the first sentence exists or not. You can simply remove it if you like, the rest of the comment is still comprehensible. And, most importantly, its main point - to differentiate between the kind of exchange the gp was referencing and the kind the post is about, still stands. This is all just a case of nitpicking some small detail that is so common and annoying. It’s the “your battery is dying” to a screenshot. Even disregarding that, are we really posting wikipedia links to No True Scotsman in 2022? Has anyone not heard of NTS? It just comes across as pedantic. Finally, you’re all hung up on the definition of “crypto enthusiast” — but it doesn’t even have meaning in the specific context. It’s just an attempt to shorten a much longer comment (like this one). In my head, crypto enthusiast was just the 15 character version of “that group of people who are very interested in the programming and theory of decentralized economies. They tend to attend crypto conferences, program solidity or other smart contract dsls, and use phrases like ‘not your keys, not your crypto’”. In that context the statement was mostly tautological stage setting for the rest of the comment, so for the whole thing to get derailed by low effort, kind of rude, attempts “but it’s an almost, but not quite logical fallacy (well, NTS isn’t actually a logical fallacy, but I am going to snarkily imply it is one)” sniping is not only wasted space … it’s boring.

psychlops 4y ago

Ah the "Straw Man" fallacy. Not addressing the argument, but pointing out a fallacy on Wikipedia. https://en.wikipedia.org/wiki/Straw_man https://en.wikipedia.org/wiki/Straw_man