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Why can no crypto person ever give a straight answer to the use case question? Doesn't seem that hard for anything else, which seems to imply it's a naive cult. I've not been surprised by anything thus far with crypto. Any link to a good explanation?
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Because it’s an unproductive question at this stage. Easier to just let history be the judge of whether or not it’s significant. Check back in a decade.
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What do you think a good question at this stage is? Any interesting answers? I'm not trying to be snarky. I've talked with a lot of major/OG crypto people, and they've never had good answers for me either, which is why I'm so skeptical.
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You’re the very practical kind of entrepreneur :) I like things with no use case the best. So long as it thrives sustainably and creates interestingness I’m fine. I don’t care about legible utility or solving problems. There’s still no real use case for twitter.
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lol I know what zk proofs are. I just don't think they don't actually solve the thing they claim to solve. In my world "technically correct" is not the best kind of correct haha.
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I'm a fan of abstraction, art, "useless" knowledge (number theory pre encryption), etc., but when I see billions of dollars going into a field with nothing to show for it but fraud and smug "you sees", I think we deserve answers.
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If there’s nothing to show for it eventually the billions will go right back into the trad economy and the last bag holders will live on with their regrets. Just roundabout wealth transfer and fun exploration for a bunch of people for a few decades.
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Don't get me wrong - I actually want it to work! I just hate that no one seems to be trying to make it work. I suspect gov't audited stable coins will probably actually create a basis for a legit thing to be created in the comp. finance side of this - not poli. tech though.
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“No one seems to be trying to make it work” 3000+ people were at DevCon in Bogota where I just spoke, packing 4 days of 4 track sessions. And that’s just Ethereum. Either they’re all larping a weird religion or you might be a teeny bit prejudiced here :)
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Haha - I think they basically are LARPing a weird religion. It's like Amway for nerds. Open source / hacker culture has always been naive like this - which is why I bring up BitTorrent, etc.
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Then I repeat: if you really believe that, it’s safe to ignore like Scientology. Light regulation is happening and scammers are slowly finding it harder to get away. If you’re right, not much harm done. If you’re wrong you’ll be on the wrong side of serious historical shifts.
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