Ugh. Yes, cryptocurrencies are full of scams, and yes, memecoins as dumb as hell, but that doesn’t make the entire space worth banning. They don’t ban BitTorrent implementations because 99.9%[1] of the traffic is copyright infringement.
There are plenty of serious developers building useful technology in the space. Cryptocurrencies are censorship-resistant, and bad actors will inevitably use them, but that’s true of any open technology.
Ban projects that are themselves scams or fraudulent, but it’s unreasonable to reject an entire class of technology because those projects exist.
Ugh. Yes, cryptocurrencies are full of scams, and yes, memecoins as dumb as hell, but that doesn’t make the entire space worth banning. They don’t ban BitTorrent implementations because 99.9%[1] of the traffic is copyright infringement.
Ethereum, for example and chosen only because I’m most familiar with it, doesn’t burn electricity any more, is about empowering users, and has real use cases.
There are plenty of serious developers building useful technology in the space. Cryptocurrencies are censorship-resistant, and bad actors will inevitably use them, but that’s true of any open technology.
Ban projects that are themselves scams or fraudulent, but it’s unreasonable to reject an entire class of technology because those projects exist.
unsubstantiated hyperbole. ↩︎