Re:Bitcoin Is a Hideous Monstrosity Made Out of Computers an...
by hnews_account_1 on Wednesday June 22, 2022 @06:49PM
(#31842887)
I like your confidence. I happen to agree with the second part while I don’t want to explain the first part. See my other comments for nuance.
That's a ridiculous claim.
As if the development of complex technical devices wouldn't have happened without complex financial markets and inscrutable financial business models.
Complexity in finance .. up to a certain degree it may well serve the purposes of society .. beyond some level though, excessive complexity mostly serves few big players who can manage and understand the complexity and gain an advantage over other actors with less resources (that'd be most of the rest of society).