Crypto Is a Religion—Are You a Believer?

That second point matters: Crypto is a faith-based technology. Because it only works when others also use it, its usage requires not only technological, but also social construction: For crypto to be successful, we need a narrative that requires its success. The more people buy into the narrative, the more successful crypto will be. (View Highlight)

Initiation Rituals Belief systems usually have some type of initiation. These rituals are often deliberately pointless, expensive or weird. (View Highlight)

Note: need an initiation ritual for xandao - could be as simple as stating where you are in the key areas, on a scale of 0 to 5? creates a vulnerability, and also a place for others to learn from you on

But those aren’t prevalent in crypto. Perhaps the blockchain itself is a God ersatz—the entity all of crypto serves, the single source of truth that stores all information worth storing and has all the answers. And, as in Christianity’s kingdom of God—the blockchain rules with more power than any individual developer. (View Highlight)

Note: pretty weak conclusion - wonder if i have to write an essay about religion in more depth