2 ms·
Actually, enough people were fooled to conflate FTX and Celsius with Blockchain and Smart Contracts, exactly because they were all lumped into one thing by the
by EGreg 3y ago
Actually, enough people were fooled to conflate FTX and Celsius with Blockchain and Smart Contracts, exactly because they were all lumped into one thing by the word “crypto”. I wouldn’t be surprised if many people are now against end-to-end cryptography also because the word “crypto” was co-opted:
https://amp.theguardian.com/technology/2021/nov/18/crypto-cryptocurrency-cryptographers https://amp.theguardian.com/technology/2021/nov/18/crypto-cr...
So why would I want to use it? It just confuses the issue. And by the way FTX and Celsius and their ilk are exactly the sort of black box funds-custodying middlemen that Bitcoin and crypto was designed as an alternative to! They are closer to Stripe than blockchain. So when you try to equate smart contracts on a blockchain with FTX, who is the one being disingenuous?