Crunchums wrote: ↑Fri Dec 09, 2022 4:40 am
Jeb Bush 2012 wrote:is there anything specific that you think is really compelling? it's a long list of bad arguments and I'm not really inclined to go through it point by point
* how is "Crypto Is Full Of Extremely Clear Use Cases, Which It Already Succeeds At Very Well" a misrepresentation
“crypto has some niche use cases for financial transfers in countries where exactly the right conditions apply. also it’s good if you’re doing crime, which in some specific cases can be good”. I don’t think that remotely corresponds to the actual headline, if you do then I don’t know what to say
Crunchums wrote: ↑Fri Dec 09, 2022 4:40 am
* do you disagree with the claim "Big Crypto Projects Are Very Rarely Scams"? (I don't have an opinion but his argument seems reasonable so I'm curious)
it’s a motte-and-bailey thing. when you define it down to “they have to be a proven ponzi where everyone’s money is stolen” and quantify “very rarely” such that a bunch of major crypto projects being the latter kind of scam doesn’t count because there’s hundreds of other big crypto projects, it becomes true. but then who cares? (and the claim that crypto has a normal level of scams in this sense is a ridiculous falsehood)
Crunchums wrote: ↑Fri Dec 09, 2022 4:40 am
* "Yes, The Crypto Financial System Is Just Reinventing The Regular Financial System Except Worse In Every Way, And That’s Fine" seems correct to me?
it’s not fine! things that are better are better than things that are worse. he justifies the latter by invoking “decentralisation”, but that’s bullshit—to get to “the regular financial system except worse in every way” you have to give up the “decentralisation” bit
btw since he muddies the water on this a bit it’s worth pointing out that for the vast majority of people doing remittances there is no use case for crypto—regular financial channels work better for most country pairs. which is why the whole “94% of the world” thing is wrong, he’s talking about something that applies to a much much smaller slice of the world