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A comment on Crypto in 2026: Oh, This Is the Bad Place. Parent comment

Re:Crypto in 2026: Oh, This Is the Bad Place by xtracto on Tuesday June 23, 2026 @11:29AM (#48646627)
Read the GP comment again. I don't know if Ethereum has, is or will ever get to whatever grandiose goal they have. But the one thing that I love has done is provide intelligent people with funds to research things like ZKSNARKs and similar cryptographic constructs.

It's like war: We don't like war, we don't like people being killed, but man, the amount of technology progress made during war is good.

So, even if you hate crypto; the fact that it is enabling research in cryptographic theory (even if for stupid goals) is good.

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Re:Crypto in 2026: Oh, This Is the Bad Place by spopejoy on Wednesday June 24, 2026 @04:29PM (#48665240)
> enabling research in cryptographic theory

Yes but ... most/all of this research is for solving weird self-made problems created from some flawed premise like "we need a decentralized sequencer" or "we need a hash function that can't be profitably made into an ASIC". A lot of the zk research is for "roll-ups", themselves a horrifically complex "solution" for Ethereum's inability to scale its consensus.

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