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by joshstrange 976 days ago
> Because the vast majority of people doesn't understand anything about it. And most don't want to because they've already made up their mind. You just have to look at any thread about crypto and it's full of misinformation and idiotic takes from people who obviously have no idea what they're talking about. E.g. threads on some kind of centralized exchange scam that has with comments like "I thought crypto was decentralized"

Ok but I do understand it, I also understand how cool the concept of the blockchain is _but_ real application of the blockchain outside of crypto is practically non-existent or could be better served by not using a blockchain.

As for snarky comments about “I thought crypto was decentralized”. Yes it’s snarky but it’s a totally valid criticism. You don’t get to extol the virtues of something if 99% of people don’t make use of it because it’s entirely too difficult to do for the layman. “If you don’t own your keys, you don’t own your coins”, cool but if it takes a career in CS to protect and backup your keys it’s not going to catch on.

Why do people put their (fiat) money in a bank instead of schlepping around all their cash or storing it themselves? Convenience, and crypto didn’t really address or fix any of that. In fact, in a number of ways, crypto is worse in things like transaction times. And don’t talk to me about lightning or similar concepts which require some level of centralization or trust outside of the base crypto guarantees. Centralized crypto was inevitable and people arguing differently don’t live in reality. That fight was lost decades ago when it comes to tech and nothing indicates that the tide is turning there.

1 comments

> Ok but I do understand it, I also understand how cool the concept of the blockchain is _but_ real application of the blockchain outside of crypto is practically non-existent or could be better served by not using a blockchain.

I don't disagree with you here, I think the by far biggest use case is money/currency. I'm just commenting on how people here hate on anything related to crypto without any understanding.

> As for snarky comments about “I thought crypto was decentralized”. Yes it’s snarky but it’s a totally valid criticism.

I disagree here. It's like saying "SMTP sucks because I got scammed by an email from a Nigerian prince" - The criticism that wallets are hard to use is valid, but people on HN commenting on these threads don't even understand that. They just hate crypto for whatever reason without any understanding.