The GP pulled one of the cryptobro rhetorical scams: X existing technology took Y years to catch on!
Besides the statements rarely actually being true they're nonsensical. A typewriter (or whatever technology they point out) has obvious utility. No honest assessment of whatever they can bring up will say that X technology is useless. Maybe at the time typewriters we're released fountain pen manufacturers or penmanship clubs said they were useless. But they have a vested interest in the status quo.
I don't think most anyone pointing out flaws in cryptocurrencies have a vested interest in the status quo. I certainly don't. I don't and doubt you have some sort of short against Bitcoin or own a bank full of fiat currency.
The cryptobros can't seem to fathom that they got sold on a bunch of useless shit. When they're not at the top of the Ponzi scheme they can't seem to conceptualize that they've been had. It's kind of sad to see. At the same time it's infuriating because their scam is literally wasting a small country worth of electricity to mint Geoffrey dollars.
I think it’s more that they can’t afford to acknowledge it: the only way cryptocurrency has meaning is if they can line up a buyer, and as soon as you allow that to be questioned those big dreams about becoming as rich as the people selling them on “web3” start to look pretty unlikely. A lot of these people have built their vision of the future on very high returns and the only way that happens is if they donate their time pro bono to the major investors backing these companies.
Put another way, the first commercial typewriter was sold in 1874 and was an immediate success. By the 1880s, typist was a booming field — especially for women seeking employment outside of the home.
Blockchains have been commercially active for 13 years at this point. If Bitcoin shut off tomorrow, the only reason anyone who isn’t involved in shilling it would know is that all of the speculators would be screaming for government bailouts.