Wow, I... really don't like Razzlekhan. Thanks for introducing us.

So far, almost all of the fantastical claims about the problems crypto would solve seem to have been based on a misunderstanding or misrepresentation of economics, technology, and/or human behavior. It didn't "decentralize wealth", or help alleviate wealth inequality. It's less convenient than a debit card. It isn't untraceable, as we see here, and it damn sure isn't FDIC insured. If the supersecret goal was to undermine faith in The Establishment, it didn't even do that. The only meaningfully/measurable thing it has done so far is waste a shitton of energy from people speculating on its value. People who, most of which, don't really understand the way it works.

And I am NOT hating on anyone here who bought ETH before it blew up. Honestly, I'm totes jealous. Almost bought a few hundo, made a wallet and everything, like 2015-ish, or whenever insom was talking about it on here. ETH and other crypto that can hash not only numbers, but also words, thus can do DAO, should be more encouraged than BTC and numbers-only hash ledgers. I wish we were closer to further incorporating blockchain ledgers into existing infrastructures, but maybe it's good we're not. Until we have widespread quantum computing, it's all a major energy problem, and that's at least two or three decades away.

steve posted about this earlier today, figured I'd tag him.