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.
Conversation
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 thereβs 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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βNo one seems to be trying to make it workβ
3000+ people were at DevCon in Bogota where I just spoke, packing 4 days of 4 track sessions. And thatβs just Ethereum.
Either theyβre 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, itβs safe to ignore like Scientology. Light regulation is happening and scammers are slowly finding it harder to get away.
If youβre right, not much harm done.
If youβre wrong youβll be on the wrong side of serious historical shifts.
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We have laws against the stuff Scientology does though, and they don't affect as many people as crypto does.
I'm glad we're seeing some regulation and enforcement, but I'm going to keep questioning this community that still keeps (now a little more quietly) making big claims.
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