Posted by ibobev 21 hours ago
More news at 11!
I'm always interested to see how anti-crypto people try to differentiate gold from crypto, and so far I've never seen anything convincing. Gold's industrial utility as a good electrical conductor could not have begun before electricity was discovered, but it was valued just as highly for millennia before that. The "monetary role thousands of years old" claim has no force at all, because it does not even attempt to explain what it is about gold that caused it to acquire this role -- and identifying some relevant property of gold that crypto lacks is a prerequisite of any argument that attempts to differentiate the two.
Cryptography came first and has millions of practical applications, and will only become more frequent fodder for discussion as quantum computing advances. If any discipline deserves claim to "crypto" it's -graphy.
(I'd also accept cryptozoology as the one true 'crypto')
The irony is his background as a former "blockchain" startup founder, right during that mid-2010s era when people who missed the early Bitcoin boat desperately tried to make "enterprise blockchain" happen. It reads like a severe case of cognitive dissonance reduction. Having spent years trying to make the wrong iteration of the tech happen while missing the actual wave, he embarked on an endless crusade to manifest a collapse just to retroactively validate his own poor decisions.