Introduction

https://astralcodexten.substack.com/p/why-im-less-than-infinitely-hostile

Go anywhere in Silicon Valley these days and start saying the word “cryp - “. Before you get to the second syllable, everyone around you will chant in unison “PONZIS 100% SCAMS ZERO-LEGITIMATE-USE-CASES SPEEDRUNNING-THE-HISTORY-OF-FINANCIAL-FRAUD!” It’s really quite impressive.

I’m no true believer. But I’m less than infinitely hostile to crypto. This is becoming a pretty rare position, so let me explain why:

Look at the graph of countries that use crypto the most (source):