People get stuck in the past. When trying to figure out something completely unknown we project what we do know onto it. This is the Halo Effect at work.

The problem with blockchain and decentralization is that it's just so far out of the realm of everything we know that we falsely project the most foolish identities onto it.

Everyone likes to throw around catch phrases like hodl, decentralized, disruptive, and innovation, but the hard truth of the matter is that innovation and creativity are rare. Innovation and creativity are even exponentially more rare in an unknown space where nobody really knows what's going on. It's even worse that the foundation of the space is money and everyone is scrambling to stuff dollars in their pocket.

People are desperate. The vast majority of wealth created by new technology flows to the top of the pyramid, and the only way to get in on it is to become an early investor in a product that moons. It makes perfect sense that citizens would project the pyramid onto this flat architecture even though it doesn't belong there.

I've become very zen about all this. Greed doesn't matter. Regulation doesn't matter. Establishment money doesn't matter. The path to a new world doesn't change based on the paths of the old ways. Let the world run around as a headless chicken. All we need is time to build up the space.

We don't need their money to grow food, build houses, or pave roads. When projects like Open Source Ecology start to combine with 3D-printing and cryptocurrency people are going to realize that wow, the old money is totally antiquated. Unfortunately, we can't convince everyone based on speculation. We have to prove it, and that's going to take a decade or two.