Crypto: the good, the bad and the ugly | Seldo.com
https://seldo.com/posts/crypto-the-good-the-bad-and-the-ugly
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I dig into what's genuinely impressive about crypto (distributed trust, abuse prevention, true cloud computing) and what's deeply problematic: boundary interactions, governance concentration, transaction cost tradeoffs, and unclear incentives. My conclusion: crypto may only be useful for financial engineering, and that's probably fine, just smaller than the hype suggests.