Oddbean new post about login | logout “From the beginning, I had thought that crypto was pretty dumb. And it turned out to be even dumber than I imagined. There was no mass movement to actually use crypto in the real world. The crypto apps hyped as the future of finance and art barely worked.” From this wonderful piece: https://nymag.com/intelligencer/article/zeke-faux-number-go-up-book-excerpt.html
More quotes: “There were VCs, who’d gotten in early, watched the tokens they bought climb to ludicrous heights, and now believed they could predict the future. [..] founders of crypto start-ups, who’d raised so many millions [..] that they seemed to believe their own far-fetched pitches about creating the next generation of finance. [..] programmers [..] so caught up with clever ideas about new things to do [..] that they never paused to think about whether the technology did anything useful.”