[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.