[RamblingCTO]

I don't understand how you can't see blockchain/crypto as a growing tech where they might succeed, evolve and grow into the promises that contributors hope for. Why are most people taking a stance either in the crypto bro corner or in the "I can't buy popcorn with it, mah energy hurr durr" corner? The internet wasn't perfect from day one. How about seeing what sticks, what evolves, what problems are being worked on? It's also totally ok that we might not have the best problems to solve with blockchains, that's how science itself also works. Let's be critical but open to something new? How bout dat?

[wbsss4412]

I think the ideas and the technology are interesting, but it’s really difficult for me to extract that from the fact that the loudest faction of supporters out there just treat it as a get rich quick scheme.

[RamblingCTO]

Yeah I get that. But that's also a good indicator (if it comes from the project initiators) that you don't need to have an in-depth look at the project.

[wbsss4412]

Yeah that’s why I just stay out of it all together. If it’s really going to be world changing I can hop on when it’s mainstream.

Don’t need to be an early adopter of everything.

[satyrnein]

I think the "wait and see" crowd just doesn't comment as much, because they have no strong assertions to make (yet).

[shatteredgate]

I used to be a "wait and see" person until I actually took a hard and critical look at a lot of things in the crypto space. It seems evident now that most of it is just poor reinventions of existing financial services, and in some cases (NFTs) just abject scams.

[tablespoon]

> I used to be a "wait and see" person until I actually took a hard and critical look at a lot of things in the crypto space. It seems evident now that most of it is just poor reinventions of existing financial services, and in some cases (NFTs) just abject scams.

It's pretty obvious that "crypto" (e.g. blockchain stuff) is just clever technology in search of a problem to solve. Its touts keep inventing problems for it, but of out all of them, the only one that's actually stuck is "speculative investment to throw cash at."

I don't think they'll ever succeed, because the problems they identify are already solved by existing technologies and their solutions make worse tradeoffs.

[RamblingCTO]

I just expect a bubble burst like the dot com bubble. What stuck was the companies with a real business case, the rest was just mania. And what we learn from that will shape the crypto field going forward.

[vmception]

People also miss how much money they can make... actually helping those things reach their promises!

It's like, how can a person working at a Web 2.0 nation destabilizing ad conglomerate really lob criticism at the people trying?