mjdescy writes:

I’m a crypto skeptic who thinks a lot about blockchain for work-related reasons. I dislike blockchain technologies because I think that, in the real world, they would fail to eliminate trusted intermediaries in financial transactions. Establishing trust without intermediaries is the whole point of blockchain.

For me, crypto is interesting from a technology aspect, having a distributed system that can be validated without having a single source of truth. But now we have the problem that the space is so hyped and full of people hoping they get rich quickly that it is tough to see the actual value it could have.

On the other hand, the argument from mjdescy in the second paragraph that when we could have a system without intermediaries, we would just get new ones also has a point. I think here it is just that such a world is so utterly different from what we “know” now how business should work that it just sounds like science fiction. It reminds me of the world in Cory Doctorow’s novel Walkaway.