As a "crypto skeptic", no it's not a paradise. People buying this were still fooled and lost money, people who built this are having their work erased. You can disapprove of a technological/social trend and still feel empathy for the people who are negatively affected.

At this point neither the "investors" nor the people builing those systems can claim plausible deniability.

Nothing good has ever come out of crypto/blockchain, it's all just scams left an right.

I have no doubt they "knew" it was coming. It takes a combination of committed greed, delusion, gullibility, and short-sightedness to still keep going despite that. That these traits are common enough for this phenomenon to achieve such scale is what's worrying me.

So no, not a paradise.

Git seems to be quite a good tool, and it's a blockchain.

Git is a blockchain in the same manner that a smoke detector (which utilises radioactive isotopes) is the bomb that dropped on Hiroshima. Except git (2005) -and Perforce (1995), which it was designed to replace - also happen to predate Bitcoin (2009) and Hashcash (2002).

More like ponzi scheme skeptics.

Potayto, potahto.

For those of you missing this, I'm assuming this is a reference to the song "Another Day in Paradise" by Phil Collins (who was the front-man in the band Genesis).

Thanks, I had missed at first. After I realised it also made me think about a famous movie scene [1] involving a financial guy and the Genesis lead singer. Wonder if the founders of this company had that in mind when they set it up.

[1] https://www.youtube.com/watch?v=_yM7Xe3HrT8

“See? I’m vindicated! With this collapse, Bitcoin is all the way down to 100x what it was when I first heard about it and correctly predicted its imminent demise.”