| Sure, but anything which is open about crypto is also open in the financial system. It isn’t “hidden” away, people just don’t do the necessary studying to learn the underlying incredible complexity necessary for an actual world scale financial system. It’s only hidden in the sense that the definition of “decathect” is hidden. The definition isn’t “hidden”, I just haven’t looked into and learned its definition and i havent considered all the implications of its material interactions with the world yet. This notion of “hidden” will not be solved by a coin were it to become ubiquitous. People would just have to learn a completely different set of complexities—many of which will actually be hidden by the grifters who take advantage of lack of regulations. Much of (not all, but much) of this “hidden” argument rests on people who would just prefer simple barter/exchange—but they just don’t seem to understand the complexities that scale inevitably brings. Along with this is that they just don’t understand that crypto is not an answer to the scale complexity problems. And if someone attempts to make a coin which addresses these complexities, oops, now we’re back to a complex, messy, and steep learning curve. All of the grifts that we’ve seen throughout society’s history with finance will be repeated in the coin sphere and these people will sadly fall victim to these same grifts yet again. Does our current financial system have problems? Absolutely. Does crypto solve them without reintroducing previously patched bugs? Nope. Not at all. |