Thomas on Farcaster

JA Westenberg pfp

@joanwestenberg.eth

I have absolutely no faith in crypto as a force for good. The decentralisation and crypto anarchism ideas that drew me to the space are dead. Crypto capitulated completely to the US government. The grift is everywhere. The extraction has reached new levels. It’s just a centralized, PVP casino.

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JA Westenberg pfp

@joanwestenberg.eth

I’m still on Farcaster - for now - because I like some of the folks here and I genuinely like Farcaster as an app. But crypto is over for me.

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Thomas pfp

@aviationdoctor.eth

I share the overall sentiment. I see this as Moloch in action. Human governance is a hard problem. Decentralized governance doubly so, despite being on paper the answer to large-scale coordination problems. Throw money into the mix, and the recipe is there for corporate and state capture. For me the disillusion started ~10 years ago with Blockstream, small blocks, Lightning network, Theymos, etc. If Bitcoin could be captured, then there was little hope for the space. I’m still in, mostly because I have some faith left in what Ethereum is trying to build, plus niche projects like Quilibrium, and still on FC because it’s the only social media platform I find pleasant to use. But I’m also far less enthusiastic and engaged about crypto in general.

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Thomas pfp

@aviationdoctor.eth

Also I think there’s still room for being bullish about non-monetary use cases and adoption. Projects like Opacity, ROC, and in my neck of the woods, any corporate use of blockchains for transparency and traceability. That has nothing to do with the price action and the tech (Ethereum specifically) is mature enough now that these things become credible.

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