With sincere delight I read the delightful news of the cryptoindustry
Every time, with sincere delight, I read the intoxicating news of the cryptoindustry. But how beautifully it all began. 2009, Satoshi Nakamoto climbs out of the darkness of the Internet:
- Dudes! I came up with this! More precisely, I took some old developments: asymmetric encryption, hashes, a Merkle tree, the idea of a blockchain ... but look what happened! Money that does not need intermediaries! Just send them to each other and that's it! No banks, stock exchanges and states will take anything away from you. Cool, yeah? True, electricity will have to be burned, as if it were not in itself, but what can you do, you also have to pay something for freedom ...
- Wow, that's cool, bro! Down with the banks, down with the stock exchange, down with the state! Long live encryption, parent basement, cheap video cards and our crypto brotherhood!
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A few years later.
- So, bros, mining in the parent basement is cool, of course. I already ate two pizzas for bitcoins. But what else can we do with our discovery?
- Invented! And let's just crypto brothers start creating centralized exchanges, issue shitcoins and tokens, and we all together carry our money to them, transfer cryptocurrency from our secure accounts to their personal wallets?
- Great idea, bro! I can't even imagine what could go wrong... By the way, has anyone seen Satoshi? Where the hell has he gone?
I have an idea where Satoshi Nakamoto went. He died looking at all this. About how Nietzsche's God died when he saw the Last Man. Over the years, the rabid cryptodog has taken a detour - reinvented centralization and pyramid schemes. Now the news of the industry is: there hackers took away, here the creators of the exchange stole it, another mega-crap turned out to be a bubble (nothing foreshadowed!) etc. etc. But the fall of FTX[1] stands out even against this background. One of the largest exchanges, where there was no accounting, but there was polyamory among the creators. And this whole company bought its own tokens at the expense of its own clients.
There are two conclusions here. The first is about the poverty of techno-optimism, accelerationism and other naive futurism. Technology will not save humanity and will not make it better. As you can see, technologies can appear cool, but ahem, "human nature" still takes its toll. The second conclusion is that central banks, regulations, all sorts of securities control commissions were not imposed on us at all by reptilians, as some libertarians believe. All this appeared as a result of the experience that the cryptoindustry is undergoing today, and the "ordinary" financial system passed back in the 19-20 centuries.
Mihail Pojarsky 2022-11-20
