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> lazy and inaccurate idea of 'the crypto grift' 'Lazy' ideas are also called heuristics, and work. Do you have any "more than half" sets or classes of exampl
by Terretta 4y ago
> lazy and inaccurate idea of 'the crypto grift'
'Lazy' ideas are also called heuristics, and work.
Do you have any "more than half" sets or classes of examples of not-grift other than a couple of the original company-less chains? I don't mean any given example, I mean where a class of things are all safe, all not-grift.
Bitcoin is possibly not-grift. ETH, possibly not-grift.
Arguably, by-and-large every company-sponsored chain, every token, every NFT, every custodial wallet company, every lender, BnL every everything else, is grift.
When it's that by-and-large universally the case, it's neither lazy nor inaccurate for normals to be taught a simplifying and clarifyingly protective thought: "it's all grift" or "everything since BTC and ETH is grift". Their choices would be much more sound.
It's all grift is how it should be held, so any new project starts facing skepticism rather than hype. The sooner we accept that, the sounder the future of distributed ledger and blockchain based tech.
// I have and use BTC and ETH. I use DLT for work.