Is there interest in a good faith technical explanation of this? I feel like a lot of those exist, but if smart people like Jay Rosen are not getting their minds around it then there is something amiss. What's the missing piece? I like to write and would gladly take a swing.
https://twitter.com/jayrosen_nyu/status/1472630360789995521
A recurring problem in blockchain exposition is that people from outside tech see the trillions of dollars and growing mountain of cryptocurrency projects and reasonably assume some useful substantive core must exist under the hype, while those of us in tech know the awful truth.
In its current form cryptoworld makes contact with some legitimately interesting theoretical areas (like zero-knowledge proofs), but the part where it connects to real applications is missing, except for a casino. It's like if PT Barnum and Bugsy Siegel had invented string theory
So how do you accurately describe the blockchain? A Merkle tree with a great publicist? Distributed proof of dork? A method for incorporating buffer overflows into contract law? An experiment in replacing the SEC with Magic the Gathering? The world's most expensive space heater?
Maybe this, except 100% of the players are corrupt
https://twitter.com/kthxbye_guy/status/1472634855443812360
Maybe a good analogy for journalists: a brilliant mathematician named Mochizuki has spent years insisting he proved a key conjecture in number theory, but he can't explain it to experts. That's the web3 situation in tech, except replace Mochizuki with frat bros and Pepe the Frog
Cryptocurrency really feels like plutocrats ran out of places to put money at the start of the pandemic and gave the TIME CUBE guy two trillion dollars. And now sites like Stripe are adding support for harmonic antipodal cubic divinity. 
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