I am going to start this post by saying that I love blockchain as a technology. It is a genius idea to leverage the power of connected, ubiquitous networks. Right now I have a total of 4 internet connected devices at arms reach; all with vastly more computing power than the computers we used to send humans to the moon.

The title (a play on T.S. Eliot’s poem The Hollow Men) suggests that crypto’s downfall won’t be a single catastrophic event, but rather a slow fade into irrelevance or a loss of trust due to incompetence and poor execution in the space.

[Note: Full content was unavailable from the source archives, but the themes of technological potential and the “whimper” argument were key highlights of this post from April 30, 2022.]