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Fully agree that the presence of a lot of BS does not invalidate a domain, but in reverse, just because it has *some* of the characteristics of the early web does not mean it has the *important* characteristics. The early web was *extremely useful*, in a world-changing way.
Basically, judge new technology by what it enables you to *do*, and how that changes the game, not by who uses it or what for. That's how I judge crypto. That's how I know it's BS. It's *not* the torrent of scams.https://twitter.com/fchollet/status/1429211618559205379 …
Looking through my history it seems I've been repeating the same thing many times (and it wasn't even about crypto)https://twitter.com/fchollet/status/965391195059888129 …
So many times, in different contextshttps://twitter.com/fchollet/status/1052976113331269632 …
Crucial addition, IMO - can the current problems be solved, and why, or why not? The Wright flier could get better but rocket packs could not.
Right. But the plane had a clear use case, so there was a direction in which to improve. Does crypto?
what it enables you to do can also change over time. QR codes are much more useful today than they were 10 years ago.
Great principle. And that’s why I’m a believer. Real example (one of many) without names: Say you have a portfolio of securities in your brokerage and you would like get a funding from local bank based on it. If you’re not in the US or UK you’re out of luck to connect pieces.
In Crypto you could do it easily in a permissionless way. Also the experience is seamless. The catch is that ‘securities’ have to be crypto native, but that’s regulatory issue that needs to be fixed.
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