This is my biggest “problem” with crypto. I actually think it’s neat in theory, but it’s the disconnect between what they say and what they do that makes my brain itch.
It’s like when a function’s documentation says “returns a tuple with three elements” but looking at the source it only returns a tuple with two elements.
My tech survival skills help me avoid things where what people say is different than what they’re doing. And saying that crypto is about storing value and transactions and smart contracts and then designing it specifically to award speculators is dissonance.
I’ve seen lots of architects and programmers try to back into design decisions with flimsy reasons to just not bother with it.
I’ve been waiting it to shake out as it will be really cool to have digital currency and smart contracts.
Here's a perhaps unique problem that cryptocurrency solves - trustless, decentralised proof of ownership (digital or physical) through NFTs.
This is a less talking about area of cryptocurrencies but in my opinion quite an important one. For the first time we can create digital scarcity without relying on a trusted party. NFTs have no digital analogue.
There’s lots of cool problems that crypto solves, but only once speculation goes away.
I think the incentives of new users greatly increasing wealth of early users is too alluring to overcome. Until that gets solved, I think it’s hard to actually meet some of these use cases because they get crowded out by various approaches who only care about attracting investors and speculators.
It’s like when a function’s documentation says “returns a tuple with three elements” but looking at the source it only returns a tuple with two elements.
My tech survival skills help me avoid things where what people say is different than what they’re doing. And saying that crypto is about storing value and transactions and smart contracts and then designing it specifically to award speculators is dissonance.
I’ve seen lots of architects and programmers try to back into design decisions with flimsy reasons to just not bother with it.
I’ve been waiting it to shake out as it will be really cool to have digital currency and smart contracts.