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...relying on the evidence-free invention of not merely some specific fictional benefits of the technology, but a category of material improvements in the world:

> And a whole bunch of problems who we don't even realize exist that can one day be solved

and what is that 'real innovation' exactly? Writing checksums of everything in multiple copies, very slowly? Databases had these features for decades.

I don’t know you could, like, read about it?

A few keywords: threshold signatures, zk-snarks, consensusless protocols, byzantine fault tolerant protocols, vrf, vdf, starks, bls

It's not clear that the impression is false.

I’m working in the middle of the field so I might be biased, there’s incredible innovation

"Innovation" and "scam" are not incompatible.