[throwme_123]

Scams and bad actors haven't changed sadly.

But zk-based really decentralized consensus now does 400 tps and it's extraordinary when you think about it and all the safety and security properties it brings.

And that's with proof-of-stake of course with decentralized sequencers for L2.

But I get that people here prefer centralized databases, managed by admins and censorship-empowering platforms. Your bank stack looks like it's designed for fraud too. Manual operations and months-long audits with errors, but that is by design. Thanks everyone for all the downvotes.

[dspillett]

> But I get that people here prefer

For many of us it isn't that we think the status quo is the RightWay™ - we just aren't convinced that crypto as it currently is presents a better answer. It fixes some problems, but adds a number of its own that many of us don't think are currently worth the compromise for our needs.

As you said yourself:

> The crypto ecosystem is shady, I know, but the tech is great

That but is not enough for me to want to take part. Yes the tech is useful, heck I use it for other things (blockchains existed as auditing mechanisms long before crypto-currencies), but I'm not going to encourage others to take part in an ecosystem that is as shady as crypto is.

> Thanks everyone for all the downvotes.

I don't think you are getting downvoted for supporting crypto, more likely because you basically said “you know that article you are all discussing?, well I think you'll want to know that I didn't bother to read it”, then without a hint of irony made assertions of “angst and negativity”.

And if I might make a mental health suggestion: caring about online downvotes is seldom part of a path to happiness :)

[nottorp]

The main problem with blockchain is identical to the one with LLMs. When snake oil salesmen try to apply the same solution to every problem, you stop wasting your time with those salesmen.

Both can be useful now and then, but the legit uses are lost in the noise.

And for blockchain... it was launched with the promise of decentralized currency. But we've had decentralized currency before in the physical world. Until the past few hundred years. Then we abandoned it in favor of centralized currency for some reason. I don't know, reliability perhaps?

[throwme_123]

> I don't think you are getting downvoted for supporting crypto

Still, every of my post that is more or less supportive of crypto gets downvoted. And I am the first to tell the ecosystem is one of the worst in tech so that's always mild support.

But yes, you're right it's probably sem web people overreacting to _my_ rant :)