Re:Hard Problems in Cryptocurrency: Five Years Later
by api on Sunday November 24, 2019 @11:30AM
(#21621408)
2. The problem is that there are so many terrorists and such.
I've become very skeptical of the idea that technology can solve social problems, and unfortunately decades of futility propaganda by the existing order has convinced us that the political order we have now cannot be improved upon.
On the flip side this principle also makes me skeptical of cryptocurrency, which seems like a very expensive attempt to use technology to solve social problems.
Existing simple money systems work and are highly efficient. Corruption in those systems is a social problem.
I've become very skeptical of the idea that technology can solve social problems, and unfortunately decades of futility propaganda by the existing order has convinced us that the political order we have now cannot be improved upon.
On the flip side this principle also makes me skeptical of cryptocurrency, which seems like a very expensive attempt to use technology to solve social problems.
Existing simple money systems work and are highly efficient. Corruption in those systems is a social problem.