Earlier quoted context omitted.
Almost every “Show HN” that’s about a library has someone ask what the library actually does and why is it useful. If the only answer is “crpyto” and essentially all crypto is fraud, I can’t imagine why people aren’t more excited. I think vague promises is exactly how you could sum up most crypto-related libraries as well. There’s supposedly some useful usecase, but right now it only contributes to North Korean nucle…
> there doesn’t seem to be anything in the entire crypto industry that isn’t fraud or crime > If the only answer is “crpyto” and essentially all crypto is fraud Emphasis mine. There can be no intelligent conversation with someone whose confirmation bias is so deep they live in a black-and-white world. You have no interest in a conversation, only shouting slogans and exaggerated claims.
What's new in crypto is permissionlessness which enables decentralisation [1]. That has
a) basically no benefits that cannot be achieved through (permissioned) distributed computing, except censorship resistance, or, as normal people call it, regulation dodging, and
b) it comes at enormous costs (in terms of inefficiency, cumbersomeness, etc.)
Crypto is systematically and inherently designed for and suitable for crime.
[1] You can claim that LCR also expanded the design space in the partially synchronous model from always consistent and eventually available to always available and eventually consistent, but again, not a huge benefit.