Is Crypto Bullshit?

This interpretation stands in contrast to the claims that web3 advocates make. They claim that web2 is a centralized mess dominated by technology megacorporations and web3 is now about content ownership. In order to achieve these goals, they must create an entirely new operating model for the web, one built on the blockchain. Blockchain is in effec... See more

Speculation makes the crypto world go round, and I can’t see many degens apeing into static tokens that there’s no exit from. The idea that we’ll grind away at building a reputation so that we get some power in a decentralised society is still a bit utopian for now.

Three years ago, I felt crypto’s only proven use case was bitcoin as a store of value was the only clear, proven use case (it was clear that would endure and build retail and institutional value). Now, I see programmable money in Ethereum and Ethereum’s competitors as the next proven use case, with the massive influx into DeFi and NFTs a critical p... See more

In the past decade and a half the institutions that people were told had their best intentions at heart have failed them, and the cypherpunk ethos of distrust of institutions and prioritisation of personal liberty has become a compelling story. The appeal of cryptocurrencies is the promise of the creation of new institutions that are resilient and

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