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It's frustrating, I agree. People are obviously going to continue being people with pyramid schemes and the like. At the same time, there are enough who also ag
by justajot 3y ago
It's frustrating, I agree. People are obviously going to continue being people with pyramid schemes and the like. At the same time, there are enough who also agree that it's a mess, have closely studied the successes and mistakes of the past, and are building a solid foundation for doing this right. I mean, what we're really talking about here is creating a fundamentally new system for which the financial system operates upon ... it's going to take time ... longer than five years. And the progress that I've seen thus far is encouraging.
- troupo 3y ago> there are enough who also agree that it's a mess, have closely studied the successes and mistakes of the past, and are building a solid foundation for doing this right. People who "closely study mistakes and successes of the past" are in a very rare supply in the crypto space, and for a good reason: because people who actually closely study mistakes and successes of the past don't want to touch that space even with a 10-yard stick. The reasons were spelled out in no uncertain terms 7 years ago in https://medium.com/@kaistinchcombe/ten-years-in-nobody-has-come-up-with-a-use-case-for-blockchain-ee98c180100 https://medium.com/@kaistinchcombe/ten-years-in-nobody-has-c... and followup here https://medium.com/@kaistinchcombe/decentralized-and-trustless-crypto-paradise-is-actually-a-medieval-hellhole-c1ca122efdec https://medium.com/@kaistinchcombe/decentralized-and-trustle... 17 years in, all those reasons remain the same.
- FireBeyond 3y ago> People who "closely study mistakes and successes of the past" are in a very rare supply in the crypto space Unless you're talking about people who are studying the mistakes and successes of crypto scams, and are working to refine them (the scams), then you can find a few.