I will try to explain what I agree /disagree with regarding Stevens critique or perspective. As a general perspective I really like the conceptual overview of Yuval Noah harari - sapiens
https://www.goodreads.com/book/show/23692271-sapiens from which I borrow from the chapter - the unification of mankind -three orders: 1. Empire 2. Religious order 3. Money. Now it’s really interesting how money and coinage was linked to empire (faking coins would harshly be punished as crime against the crown) so from the beginning there is a interesting interplay between monopolies of power and aspects of collaboration. Now lately there have been people explaining crypto currencies as a kind of printing press technology which means it posses the potential of democratising access to currencies. I think in the capitalism thread we had arguments stating that culture is largely an emergent phenomenon. As such our “current” state of civilisation is , well , our best effort and a aggregation of all that had come before. Even now for a single person to perceive the culture of science is quite a difficult adventure. (Though I would it really recommend it to Steven diehl- but I think he somehow likes to remain in the
doing science space rather then
introspecting science space ) So as a technology for potential impact on culture crypto currencies have huge potential to be used for actual a better and more positive live. And it this that I miss from Stevens criticism. That he acknowledges that crypto
could have positive impact. I agree with him that “non-productive” assets are a failure of the economic system. I also agree with him that most crypto projects are sadly located near that realm.