Does programmatic money not sound exciting to you? I see way more skepticism than support on HN but it surprises me. Can you really not picture any uses for a financial system with Turing completeness?
Programmatic money means you can define code/program with the money itself. In a trivial case I could easily program the money (called a smart contract) to pay you $1 every day. I could put $1000 in that contract and you could have near-total confidence of that payout schedule. The code itself is a property of that money, and its execution is enforced by the same system that secures the overall ledger.
And I mean the latter more in terms of the brain drain than ecologically, which ironically may not get solved because of that brain drain.
Crypto is a bunch of investors and engineers that think that they should be in charge rather than our elected governments. It's not even a geniocracy since it rewards only early investors. It's an oligarchy of the lucky few that think they should have more leverage than governments and the populace. It disenfranchises the government's ability to help the poor, underserved, and disadvantaged.
Crypto not from the government is dangerous.
I predict that as this plays out more governments will move to shut it down.
Not interested in bureaucrats determining my purchasing power, sorry
But seriously, functional governments are what hold society together. We can't have a system without levers.
Those societies also existed alongside slavery and tons of other bad shit. So how does that change the value of a functional government?
So even though you're being sarcastic, you might be on to something there :) (I'm not suggesting this is possible, just idle musings)
Yes, correct.
The latest wave of "investors" aren't programmers.
But yeah, the trust issue illustrated by your comment speaks volumes. I just wish people didn't think our problems were as easy as "sprinkle a little tech on it."