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by Analemma_
322 days ago
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I’ve mentioned this before, but I’m really sick of the “ok, crypto doesn’t have any uses now, but they’re coming eventually” defense. For one thing, it’s unfalsifiable, and I suspect this is why it’s so popular, since unfalsifiable claims are pretty much the only ones that crypto boosters have left. It’s also just pathetic: Bitcoin is coming up on 20 years old; how many technologies had no compelling use cases after 20 years? And this hasn’t been a neglected 20 years, it’s been 20 years of massive hype and tens of billions in investment and R&D, with nothing to show for it. As I pointed out last time, Bitcoin was released at roughly the same time as the iPhone. Nobody needed to wait for use cases for the iPhone: the global economy immediately reoriented itself around the smartphone, because it delivered massive amounts of obvious value to customers. If this isn’t happening around cryptocurrency, at some point you have to face facts that it’s because the value isn’t there. |
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