Why I'm Less Than Infinitely Hostile To Cryptocurrency

Published: Dec. 11, 2022, 4:12 a.m.

https://astralcodexten.substack.com/p/why-im-less-than-infinitely-hostile

Go anywhere in Silicon Valley these days and start saying the word \u201ccryp - \u201c. Before you get to the second syllable, everyone around you will chant in unison \u201cPONZIS 100% SCAMS ZERO-LEGITIMATE-USE-CASES SPEEDRUNNING-THE-HISTORY-OF-FINANCIAL-FRAUD!\u201d It\u2019s really quite impressive.

I\u2019m no true believer. But I\u2019m less than infinitely hostile to crypto. This is becoming a pretty rare position, so let me explain why:

Crypto Is Full Of Extremely Clear Use Cases, Which It Already Succeeds At Very Well

Look at the graph of countries that use crypto the most (source):

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