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Nice explanation, thanks. I would read more.
Do you also have brief, pointed argument against crypto/blockchain that you use in casual conversation? The subject comes up fairly frequently and I know it’s all bullshit but I usually struggle to explain why. What key points would you make to people who might be starting to get seduced by the hype or who are already sucked in?
Not OP, but in my circles the simplest, strongest point I've found is that no cryptocurrency has a built-in mechanism for handling mistakes. People are using these systems, and people make mistakes. Without built in accommodations, you're either
Either way, crypto is just more costly to use than traditional systems when you properly factor those risks. So the only people left using it are those who expect greater rewards to offset all that additional risk, which are just speculators and grifters.