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by justajot
853 days ago
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It's frustrating, I agree. People are obviously going to continue being people with pyramid schemes and the like. At the same time, there are enough who also agree that it's a mess, have closely studied the successes and mistakes of the past, and are building a solid foundation for doing this right. I mean, what we're really talking about here is creating a fundamentally new system for which the financial system operates upon ... it's going to take time ... longer than five years. And the progress that I've seen thus far is encouraging. |
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People who "closely study mistakes and successes of the past" are in a very rare supply in the crypto space, and for a good reason: because people who actually closely study mistakes and successes of the past don't want to touch that space even with a 10-yard stick.
The reasons were spelled out in no uncertain terms 7 years ago in https://medium.com/@kaistinchcombe/ten-years-in-nobody-has-c... and followup here https://medium.com/@kaistinchcombe/decentralized-and-trustle... 17 years in, all those reasons remain the same.