Re:Ask HN: Why does cryptocurrency subjects on HN lack curio...
by svennek on Sunday November 21, 2021 @06:42AM
(#29295651)
Oh, it works as a distributed ledger (that is already proven).
I just fail to see how it is better than so many other alternatives on a case-by-case basis... mostly on efficiency...
And just because I don't believe in the idea itself, I acknowledge that some good can come of it..
See for example wars, where most cutting edge innovation happens. I think wars are bad (but sometimes necessary), but we are reaping the benefits of generals wanting to throw more cannonballs further (If you are unsure I mean our computers where developed mostly because of that), also microwaves, the internet (a cold war though) and lots and lots of other stuff...
These interesting things are about how to do privacy, build second layers, make other smart functionality, etc. In general there are actual cryptographic innovations coming out of these systems. Zcash was truly positive to research into Zero Knowledge Proofs.
At the same time, discussions often get muddied by a few vocal people who are trying to hype up their investments. I imagine some of these people are just hyping, and others have bought into the believe, and cannot handle the cognitive dissonance of 'maybe there is something wrong with this'.