The Edited Latecomer’s Guide to Crypto
The issue with crypto is that reasonable use cases are early, and don’t attract attention except for niche communities.<p>There’s a few big ones, for example, filecoin right now has created a commodity market for storage that is currently 10,000 cheaper than S3 in some instances. (See file.app for stats)<p>But realistically, the interesting projects are very small and hard to find.<p>However, scams and ponzi schemes, by their nature are very public, easy to find, and have lots of people talking about them (often for financial gain).<p>Everyone building anything sane is so tired of having to explain that their thing isn’t a ponzi, isn’t an nft thing, and isn’t shilling proof of work, that they don’t post to hacker news, and so they exist outside of your bubble.<p>Crypto is like the story of the blind scientists studying an elephant. The first one touches its trunk and says “it’s a snake!”, the next one touches its tusk and says “it’s a spear!”, the next one touches its side and says “it’s a wall!”. None have the correct answer, because no single party has a full view.<p>The crypto skeptics are as irrational as the crypto optimists: firm believers in their own view, based on an incomplete information.