Earlier quoted context omitted.
On second reading with that background knowledge, the crypto pedigree reveals itself: "decentralized", "distributed", "independently of any centralized registry", "distributed ledger", "non-registry based", etc... It all makes sense now! It's yet another attempt at making Web 3.0 happen. Sigh...
Why sigh? Why are Bitcoin maxis and HN Web 2.0 people so intent on keeping everyone from advancing to the next phases of the Web? Do you like centralized VC-funded “cloud”-hosted startups incubated in Silicon Valley that get gobbled up by big tech or dumped on the public? You like the extreme power inequality between those who run these systems and the public? You think the best our systems can do is extract rents at…
So where are they? The consensus is denying it on principle but rather wondering what it's actually useful for. It's strange to see all the claims of opportunities and problems to solve, yet nothing seems to be produced.