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:

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All three people (both hosts included) confessed that they are not actually “bankless”. “Unfortunately we have to keep a Wells Fargo.” Of course you do.

Bringing this up is a bit cruel (I know that the name of the podcast is aspirational, not the statement of a state that is currently achievable). But it's funny that in a podcast named “Bankless”, no-one is bankless.

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