[Cryptography] I am not against good cryptocurrencies. I just don't think you can build one with a block chain protocol.

[Greg]

> No, didn't that already happen?  Feel let me know publically or
> privately if what I'm saying is dangerous or pointless.

Yes, there was a bug (unrelated to cryptography) that allowed inflation briefly but it was fixed rather quickly:

https://en.bitcoin.it/wiki/Value_overflow_incident

> I'm trying to talk about the huge swings in resource allocation to
> private and public cryptographic research that are intertwined so
> confidently with economics as a result of blockchains, but I'm not a
> cryptographer to know how to talk about it very well.

Additional research into stronger cryptography will have the positive effect of improving online security, as well as incentivizing research into post-quantum cryptography.

Cheers,
Greg