[Bartweiss]

> The idea of a decentralized currency isn't bad in and of itself, but there is a lot to laugh at in the current history of cryptocurrencies.

Ethereum seems like a good reminder of this. It has an air of being less seedy and more 'professional' than Bitcoin, with actually-pretty-cool "smart contract" tech. But... the first big project was the DAO, and we all know how that turned out. Robbery and a hard fork. And now the Gnosis auction just hit, and that went terribly and exactly counter to predictions about a "rational market".

Despite any philosophical argument, the actual history of cryptocurrencies is pretty ludicrous so far.