Crypto’s Failed Promise
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I want to give crypto the benefit of the doubt—I am an unabashed technology maximalist that is all in favor of anything that gives the human species better chance at avoiding extinction—but this statement, so painfully ivory tower that it makes a Harvard professor blush, is a bunch of jello words. They have no meaning or shape to anyone who doesn’t have a severe case of Twitter brain.
But underneath the word salad there is an important insight: society faces many hard problems that capitalism as it currently exists does not seem capable of solving. Perhaps new ways of organizing the flow of value could help?
