The only "goal" of crypto is to make money. Anything else is just worn as a mask for promotion because, "Lie, cheat, steal" isn't a great set of principles for a new economic universal ledger.
What crypto has become has showed just how wrong Satoshi was about people. Crypto COULD have been everything he hoped for. It could have been a system where everyone participated, with millions of nodes. Instead it became something no one understood, operated by a few mega pools, all who are trying to fleece people who don't understand or care but just want to make money. Crypto is now an economic matchmaking system that matches the desperate and greedy with those who would take advantage of them. It's a free market system that matches predator with prey. It's doing what almost all banking regulation tries to mitigate.
Capitalism consumed crypto in a second. I'd go as far as to say that the two are actually incompatible at a fundamental level.
> The only "goal" of crypto is to make money. Anything else is just worn as a mask for promotion because, "Lie, cheat, steal" isn't a great set of principles for a new economic universal ledger.
This is exactly why generalizing doesn't work.
The most visible parts of the crypto space (exchanges, VC-funded blockchain, etc...) are there simply to make money. If you meet some of the longer-term devs, you'll see a completely different side of it.
How can someone think that Vitalik is in this space for money when he gives so much of it away and has been known to question whether the price matches the value of Ethereum (meaning that Eth was priced too high)? He can also walk away and retire at any time, but chooses to keep working on Ethereum and helping other chains when needed.
It's not just Vitalik either. There are many people in this space who value decentralization, personal freedom, financial inclusion, etc... but you dont read news articles about them because they aren't trying to get your attention or money, they're trying to make something that's meaningful to them that they think will make the world a better place.
Vitalik is not motivated by money. He decided to create a supra-national computer system no government can touch when “Blizzard removed the damage component from his beloved warlock’s Siphon Life spell.”
Once you get the money, then you want the power. I suppose you’re right in that respect. He’s chooses to keep working because he’s dedicated to the scam.
None of the people in crypto are trying to make the world a better place. The harm done outweighs the benefits by such a ridiculous ratio it’s really not worth it to even trying to compute. I mean, that's what Molly White is trying to do here but it's just not necessary. We all know. Doubly so for the advocates.
What crypto has become has showed just how wrong Satoshi was about people. Crypto COULD have been everything he hoped for. It could have been a system where everyone participated, with millions of nodes. Instead it became something no one understood, operated by a few mega pools, all who are trying to fleece people who don't understand or care but just want to make money. Crypto is now an economic matchmaking system that matches the desperate and greedy with those who would take advantage of them. It's a free market system that matches predator with prey. It's doing what almost all banking regulation tries to mitigate.
Capitalism consumed crypto in a second. I'd go as far as to say that the two are actually incompatible at a fundamental level.