4 ms·
crypto seems like a massive cargo cult
by fnord77 3y ago
crypto seems like a massive cargo cult
- bagacrap 3y agoI would have just called it a regular cult ("give me all your money and you'll receive great riches in return"). It's true that adherents to crypto have a faulty understanding of traditional finance just as the islanders have a faulty understanding of airplanes and canned food. But rather than painstakingly recreating the minute details of traditional finance in hopes of capturing the same success, crypto cults go out of their way to avoid recreating those details or understanding why they're necessary, if burdensome.