Part of the crypto grift is to allege that it's a highly technical field that we don't understand. But if I said dumb shit about the other crypto (cryptography) I'd at least hear about how reusing an IV left me open to preimage attacks before they told me they had sex with my mom
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Imagine if someone insisted we should build our cities out of oatmeal, proposed complex workarounds for the many obvious problems that would cause, and even had an oatmeal brick as proof of concept. But they refused to explain why oatmeal, and someone gave them a trillion dollarspic.twitter.com/nCok5OmYfL
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Something has categorically failed and doesn't work: "Requires a level 2 network"
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Are cryptocurrencies actually The Internet though, or are they WebTV?
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It reminds me of the Linux crowd in the 90s (advocating for PC use, not server applications). Critiques of UI/UX were answered by insults about how the user was just too dumb.
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At least some of the earlish ico’s gave off the impression that they knew it was a shitty technical solution to any problem *except* the social problem of “getting vc’s to give me money when they don’t want to”
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