Opinion. Sage advice: 'Assume U.S.-led efforts to regulate tech will come to nothing,' tech writer CaseyNewton wrote in March. danielgkuhn in 'The Node' newsletter.
In particular, the signatories took aim at the braggadocious claims that some in crypto have made as well as the predatory schemes that run rampant. It was meant to counter the increased crypto industry lobbying in Washington, D.C., and, speaking honestly, was mostly fair.
“As software engineers and technologists with deep expertise in our fields, we dispute the claims made in recent years about the novelty and potential of blockchain technology,” they wrote. Crypto’s response, never of a single voice, was also measured. Some noted that 26 people – even experts – could not speak for a global industry. Others challenged specific language that sets crypto up like a strawman, such as the line that “not all innovation is unqualifiedly good” – a claim no one in crypto has made.
And though the letter writers correctly say many crypto boosters have financial exposure to the asset class and are therefore biased, a similar claim could be levied against them.
Further, the claim that applications for crypto are “at best still ambiguous and at worst non-existent” is a pretty strong opinion that’s not entirely born out by fact. Tools are being built
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