LogFAQs > #965031626

Nobody's arguing against blockchain technology.

I'm arguing against cryptocurrency (and let's be honest, it's not actually a currency) abusing the technology.

Or to quote a Crypto engineer:

Crypto is essentially an economic cult that taps into very base human instincts of fear, greed and tribalism, combined with economic illiteracy as a means to recruit more greater fools to pile money into what looks like a weird, novel digital variant of a pyramid scheme, argues Stephen Diehl, a crypto-sceptic software engineer. Although, its all very strange because its truly difficult to see where the self-aware scams, true believers and performance art begin and end. Crypto is a bizarre synthesis of all three.