[ChainOfFools]

cryptocurrency is what alchemy would look like if it appeared in 2008 instead of the 13th century. Both are the work of people who work up ever more complex technical arguments from fundamentally invalid premises, who try to reify these prwmises by endlessly tweaking their implementation apparatus instead of rethinking their assumptions from first principles.

both phenomena even ascribe these first principles to color coded documents purportedly authored by mythical, pseudonymous departed sages, the emerald tablet of Hermes trismegistus and the white paper of Satoshi nakamoto.