this post was submitted on 29 Mar 2026
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Yeah but what problem does it solve here? I don't hate crypto in spite of it being FOSS, I hate it because greedy capitalists do harm with it and I don't have any value from it.
What problem does it solve where? It’s an immutable data ledger. It solves trustless interactions.
Raising capital, trading, etc. it moves financial markets from proprietary pay to play arenas (wall st), to an open model.
If you hate money and markets, you’ll hate it too. But it does solve worldwide instantaneous value transfer.
Ah, so, like Git with signed commits. Got it. 🙃
Precisely actually. Except with nakamoto consensus on top to order the commits.
Or, you know, you could just use a web of trust. Like money IRL works.
Fiat money is devalued by the issuer to benefit them. And there’s no web of trust. You trust the issuer or you don’t.