Hacker News new | ask | show | jobs
by lottin 1304 days ago
A so-called 'smart contract' is not a replacement for a contract. Just because you call something a contract doesn't mean it is. The same applies to 'decentralised finance'. It's not finance unless it can do financing, and defi can't.
1 comments

my dude, do you always evaluate things for what they are rather than what they could be?
Absolutely! 100%, twice over. What a thing is is real. What a thing could be is limited only by one's imagination, and my imagination with regard to crypto has been burned to the tune of $1.7 trillion as of May, 2022[0].

If you'd started with the disclosure of your money-colored sunglasses, you'd have saved everybody here the time of reading your comments.

0. https://twitter.com/SuburbanDrone/status/1524870565806366730

cryptocurrency has no credibility with respect to "what could be". Cryptocurrency enthusiasts are full of hype and bluster with nothing to show for it except a massive ecosystem of wasteeful scams, theft, and fraud.
Well, obviously, we're discussing facts right? In a world of fantasy pigs might fly, but I don't know what is the point of bringing this up in this discussion.
Mostly yeah. Otherwise we get issues like neoliberalism.