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Discussion on: Bitcoin Blockchain Bullshit?

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jmfayard profile image
Jean-Michel πŸ•΅πŸ»β€β™‚οΈ Fayard • Edited

Really interesting comment thanks

i don't really understand why crypto is so polarizing to people

I think it's because it's many things at the same time

  • a technology subject to the Garner cycle of hype and to what Joel Spolsky calls "architecture astronauts"
  • an ideology - central banks and governments are Bad
  • a promise that you can get rich quickly - it's the far west, no government to prevent you to sell illegal drugs or worse, steal other people's resources from coins to gpg keys to computing resources to electricity to many other things
  • plenty of shady investors who wants to do the kind of non regulated shadow banking that made the great depression great
  • lots of dishonesty to convince every year fresh new people to put their money into crypto - absurdly inflated claims that this is gonna be as huge as the internet without the extraordinary evidence to back it up