Why is it bullshit? Because the cure for centralisation is worse than the disease? Probably depends on the value you place on the harm of centralised control
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The core proposition is that good things come from avoiding centralized authority at great computational cost, while the actual centralized authority somehow still lets you use the internet to synch your blockchain. Only practical use case so far is creating legal Ponzi schemes.
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Is the reverse true? Is one who figured that out (and underestimated the blockchain viability) really smart? I'm leaving a blockchain company today, that is.
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Technical folk who don't understand blockchain fail to recognize the complex intricacies and dynamics of human social systems. There is a reason politics exists, yet we think it is all BS.
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