where are all the smart people going?

[Altruist]

I'm repeating myself here, but the problem with crypto is that it’s based on a set of principles and values (around being your own bank, not trusting government, banks etc) that only a small minority of people share, but who also share a delusion that everyone in the world would adopt the same set of values if they just got some “education” about why crypto is so great.

The consequence is that crypto is designed to solve a set of problems that the majority aren’t really concerned about (banks and governments can’t be trusted not to debase and censor money, etc) in a way that introduces other issues (fraud, lack of protection, instability etc) that are a much bigger deal for the majority.

The human race evolved to favour hierarchical societies with leaders and trusted institutions, as that enabled us to upgrade from hunter/gatherer communities to the civilisations that exist today. It’s literally hardwired into our brains. When it comes to money, most people want to trust a bank or some other large organisation to take responsibility, and they want to trust their government to provide protection. I completely understood that those are values that this community does not share and actively opposes, but by the same token this community needs to understand that the values they have are not those that the majority share and cannot change simply by parroting “read the whitepaper”, “educate yourself” or whatever. The only thing that will change peoples values is something that directly affects them, like a complete global economic collapse (one much worse than any in history) that totally wipes out trust in institutions.