I'll say it upfront: I like . I think that they're exciting and that there'll be use cases for them — and I have invested a little bit in a few crypto projects (eg, $BTC).

However.

The amount of nonsense in the world in general, and around 's in particular, is astonishing. Proponents and advocates should be the first to call BS, for our own benefit.

I listened to [this recent of the with (of Digg fame)](podcast.banklesshq.com/95-how-), and in that spirit, I'll mention here five idiotic or at least naïve ideas expressed in the show:

Follow

(Paraphrasing) At some point in the episode, the two hosts and the guest almost interrupt each other to heatedly express their shared conviction (and to _celebrate_) that the purpose of many of these projects (chains, collectibles, DAOs, whatever) _does not matter_. The goal, the use case, may be a mystery. And that, for them, is a good thing.

Yeah.

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