Re:Worldcoin isn’t as bad as it sounds: It’s worse
by dotnet00 on Friday July 28, 2023 @11:55AM
(#36908756)
With most crypto projects it's actively worse because they tell their users that "trust, fraud, identity etc don't matter because we have a blockchain!".
The rare few which are pretty upfront in saying that in exchange for their strong privacy guarantees the user is fully responsible for everything, are the only ones with any real utility (eg Monero).
I guess crypto is fundamentally that. Trust, fraud, identity, insurance, are all very complex things that require massive institutions to manage successfully. But these crypto organizations are always just, shrug "yeah that's not our problem. Whatcha gonna do?"
I guess that is the core principle to begin with. But it's interesting to watch it in action. "Oh that big ball of wax? We don't address it. Not our problem."