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by troupo 1022 days ago
This really begs the meme with a guy pointing at a butterfly and saying "is this crypto".

The rest of the analysis seems to be even-handed, but the intro...

5 comments

I think that is a bit too harsh.

IMO the author made good points for his "this is a good example of applied crypto-values" viewpoint, and also stated quite clearly what he ment by that (i.e. "algorithmic" moderation, transparent and retraceable results).

It was absolutely worth reading-- this was a genuinely interesting blog post, not some cryptobro pushing the latest scam-- don't be discouraged from reading this!

The author is a co-creator of Ethereum. He's one of the most well-known voices in crypto. Almost every post on his blog is about crypto.
If you own the nail factory, even cooking will start looking like a problem best solved with lots of hammering.

(Apologies to the person who actually manufactures nails. I know it’s not fair to compare your useful industry to crypto.)

And that somehow makes his invalid comparisons valid?

Someone else said it better: https://news.ycombinator.com/item?id=37292374

It makes sense though. The whole point of crypto is to build open, transparent systems, without a central authority, that can't be manipulated. This is a really really hard problem.

Most crypto projects fail on one of those axis, so it's worth studying the project that have those properties and actually succeed.

And it would only have required to call it "decentralization(-adjacent) values"...
I almost stopped teasing because of the intro.