| > But it is also likely to be most effective at delivering progress to humanity How so? So far, crypto seems to amplify its worst trait: greed. It takes its destructive properties to new levels. > you have the crowd obsessed with control These controls are there for a reason. Controls create trust, and trust removes friction. Creating a stable currency and protecting people's money from scammers has nothing to do with censoring speech. It's a false equivalence. > you have less freedom, less creativity, and more suffering You also get this in an environment where the slightest mishap can irreversibly empty your savings account. > used by those in power to cement their power That's a problem with capital, not the currency with which it's expressed. |
Part of new technology is many scammers entering it and exploiting the situation. Of course in many cases this isn't actually planned scamming, just taking risks in a new market and losing money.
What most here in this thread are basically arguing is blockchain is evil and shouldn't exist. Well, then neither should the internet or steam railways. It's shows a complete lack of understanding of human behaviour and history.
Really sad to see from the HN crowd. They are falling for the narrative built by people threatened by crypto, which is basically the people in power currently. Of course these are also the people against free speech. It's not an accident this is happening.