> I’m truly shocked by the number of people who totally fail to grok the economic logic behind a lot of the projects being built on blockchain tech.
Literally none of them have any logic behind them other than "let's add blockchain at the end, and ask investors for money".
> Many dismiss such work as totally worthless.
It is absolutely, 100% entirely worthless with no exceptions.
> I suspect such dismissive types lack the combination of deep technical ability and profound economic intuition that made the Collison brothers wealthy.
Stripe actually does provide a useful, and a used service with a well-defined and understood economic model.
> Understanding all the implications — even the inconvenient implications — of what someone tells you is a subset of resourcefulness. It's conversational resourcefulness
Yes, And the implications of bitcoin are simple: it's a useless wasteful technology that still hasn't found any useful application, or an application that cannot be achieved faster and more securely by other means.
Literally none of them have any logic behind them other than "let's add blockchain at the end, and ask investors for money".
> Many dismiss such work as totally worthless.
It is absolutely, 100% entirely worthless with no exceptions.
> I suspect such dismissive types lack the combination of deep technical ability and profound economic intuition that made the Collison brothers wealthy.
Stripe actually does provide a useful, and a used service with a well-defined and understood economic model.
> Understanding all the implications — even the inconvenient implications — of what someone tells you is a subset of resourcefulness. It's conversational resourcefulness
Yes, And the implications of bitcoin are simple: it's a useless wasteful technology that still hasn't found any useful application, or an application that cannot be achieved faster and more securely by other means.