I believe in string encryption. The difference is usefulness. I’ve seen others express this in this post’s comments.
Encryption is EXTREMELY useful, as history has proved. It has a great many beneficial uses, or at least benign. Yes it can be used by criminals, but that’s hardly its only use.
Cryptocurrency doesn’t seem to provide anything but something to speculate on, a way to sell hardware, and an unfathomable waste of resources. When people point out things it’s “better” at they always seem kind of sketchy, of require you to old the same values (independence from central government above all else). I see no inherent good after 14 years, just massive problems.
So no, I don’t think they’re comparable myself. I don’t find them similar at all for the purposes of the point I’m trying to make.
You don't find crypto useful or worthwhile because you're privileged enough to:
- Be banked;
- Live in a country with a somewhat stable currency, in which exchanging to another currency is legal;
- Live under a regime that does not impose authoritarian censorship on whom you can exchange value with;
- Use payment processors that only abuse your privacy when you aren't looking.
These conditions are not the case for everyone, everywhere. Is it so difficult for you to imagine that:
- Crypto, once matured, could enable the ~2 billion people that are unbanked to own their own money?
- Someone living in a country with a hyperinflationary currency, that bans currency conversions and precious metals, would like to use crypto to preserve their life's savings?
- Someone might want to donate to an entity opposing an authoritarian, human-rights abusing government, without painting a target on their back? (And no, we both know lawyers are not viable for this.)
Throughout human history, there has not been a single government that has not egregiously failed its people or abused/destroyed the wealth of its citizens.
You seem to think that we have arrived at some special time where this will never happen again. That is not the case. Encryption protects your speech, and cryptocurrency protects your wealth, from governments that will inevitably fail you as surely as the sun will rise.
Encryption is EXTREMELY useful, as history has proved. It has a great many beneficial uses, or at least benign. Yes it can be used by criminals, but that’s hardly its only use.
Cryptocurrency doesn’t seem to provide anything but something to speculate on, a way to sell hardware, and an unfathomable waste of resources. When people point out things it’s “better” at they always seem kind of sketchy, of require you to old the same values (independence from central government above all else). I see no inherent good after 14 years, just massive problems.
So no, I don’t think they’re comparable myself. I don’t find them similar at all for the purposes of the point I’m trying to make.