You make a good point, and you deserve appreciation for your ability not to confuse all of Web3 with the vocal majority behind Web3 right now - who I agree are empty salesman.
> If you can separate the distributed database technology from the financial speculation then I will be a lot more enthusiastic about it.
Tough pill to swallow for you: the consensus mechanism fundamental to Bitcoin and blockchains in general (assuming they are fully decentralized) is economic. It relies on block producers spending or staking their money for no profit if they lie or cheat. The tokens or coins associated with the network are the digital collateralizations of that money, and are therefore subject to shift in valuations relative to anything else you might trade it for.
Crypto is inherently financial as long as its consensus mechanism is economic - that is not a bad thing, but it should inform how communities interact with the topic. Despite believing in crypto, this is why I believe some spaces should not consider it polite to talk about specific crypto-currencies versus others, as it quickly deteriorates into shilling of one's own holdings. This is the same reason novice's can't reliably make money in the market - since everyone advertises coins/tokens they hold as the next coming of Jesus, the only productive way to make decisions about which are good or bad is to not only have a deep understanding of them but also their context in the market as it is currently. Even then you might fall victim to the 'clown market' when hype trumps fundamentals.
Long story short crypto-currencies are inherently economic and therefore financial and subject to price fluctuations which attract speculators. This does not make "crypto" a scam, but it does mean that novices have little recourse for understanding the space sans becoming more independently competent or having a trusted advisor.
> If you can separate the distributed database technology from the financial speculation then I will be a lot more enthusiastic about it.
Tough pill to swallow for you: the consensus mechanism fundamental to Bitcoin and blockchains in general (assuming they are fully decentralized) is economic. It relies on block producers spending or staking their money for no profit if they lie or cheat. The tokens or coins associated with the network are the digital collateralizations of that money, and are therefore subject to shift in valuations relative to anything else you might trade it for.
Crypto is inherently financial as long as its consensus mechanism is economic - that is not a bad thing, but it should inform how communities interact with the topic. Despite believing in crypto, this is why I believe some spaces should not consider it polite to talk about specific crypto-currencies versus others, as it quickly deteriorates into shilling of one's own holdings. This is the same reason novice's can't reliably make money in the market - since everyone advertises coins/tokens they hold as the next coming of Jesus, the only productive way to make decisions about which are good or bad is to not only have a deep understanding of them but also their context in the market as it is currently. Even then you might fall victim to the 'clown market' when hype trumps fundamentals.
Long story short crypto-currencies are inherently economic and therefore financial and subject to price fluctuations which attract speculators. This does not make "crypto" a scam, but it does mean that novices have little recourse for understanding the space sans becoming more independently competent or having a trusted advisor.