[krrrh]

I’ll admit to being a bit facetious in my comment, but I really appreciated your thoughtful reply. There are definitely cases where the extra expense and inefficiency is worth it because of being able to route around broken centralized systems, but there are also a lot of things where there a trusted central authority is likely (NBA trading card presume the existence of a league), and maybe even necessary (UBI?). One of the early hyped examples of an Ethereum based app was a car sharing system, but there was never really a good explanation about why this couldn’t be done better with traditional brokers and servers.

Too often there is a lot of hand waving around this tech and a reluctance to admit and account for the serious trade-offs. It’s hard to have a realistic discussion because there are too many people talking up their book, either ETH holders themselves or even worse, VCs

[casi]

For sure, I completely understand the resistance a lot of people have to cryptocurrencies and blockchains, I imagine they can seem invasive or unnecessary to people who imagine them being imposed in their communities. The side people generally hear about is people speculating and making/losing money. The hyper-capitalism unregulated markets can be off putting to people because in some ways it is the worst of the society that we already have, but personally i see the tech as being very useful for social-democracy and allowing us new ways of working together and handling this money stuff that might actually help us escape that capital led world.

I'm definitely in the camp of it being up to those of us who work in the space to prove our point and deliver on what we've been saying. I really believe we are getting to at least delivering the tech that might make the ideas possible to explore at scale.

There will be waves of mania, price bubbles, bad crypto ideas, and the general internet scammers, but hopefully something good comes from it all. And I expect the space to be belittled and rejected until it is able to show its value, probably rightly so, we have big promises to live up to.