Hacker News new | past | comments | ask | show | jobs | submit login

> try to remember that crypto doesn't solve technical problems, it solves problems at a societal level.

Let's test that with ransomware - how does it solve that societal problem?




Ransomware is going to be much more expensive to do.

Right now there is little cost to doing bad things on the internet.

But the point is a little different.

Crypto solves among others the problem of technology moving faster than legislation in ways that can't be tampered with.

That's the big innovation of bitcoin. Someone created a store of value system and threw away the keys to the engine room which means it can't be tampered with by rough actors.


I would suggest that's not a problem that it solves.

In the same way web3 doesn't solve every problem there is on web2 and web2 doesn't create every problem web3 tries to solve.


For black-hat hackers, it does in fact solve some problems.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: