Over ~13 years into Bitcoin, only ~7 years into Ethereum and less than two years into much of the applied zkp tech that is now driving blockchain scalability and privacy. There’s a variety of ideas in human history that take decades to mature and find market fit.
PGP does not achieve timestamped and censorship-resistant record on a distributed network. A closer analogy is Tor which is secured by about 10 authorized nodes worldwide; so a different design space than crypto which is permissionless and secured by thousands.
All of your complaints are just that: complaints. X crypto thing works but not well enough for your needs and expectations. But your supposed solution Y, like PGP or physical USD cash, only achieves some facets of what people are using X crypto thing for.
The suggestion that sending wads of cash in the mail is somehow better, safer, and less reliant on central intermediaries compared to a crypto transfer is a hilarious statement though.
> PGP does not achieve timestamped and censorship-resistant record on a distributed network
PGP is timestampted and censorship resistant, and of course it isn't on a distributed network. Yet again I'm asking what is the use case for it being on a distributed network. That's also not what you said in your last comment
> All of your complaints are just that: complaints. X crypto thing works but not well enough for your needs and expectations.
That's not true, my complaints are that if you remove crypto from the X crypto thing, it still solves the problem in the same way, meaning there's no use case for the crypto part of crypto X.
PGP is an encryption technique, it doesn’t include any robust and tamper proof timestamping mechanism. To uphold the veracity of a time stamp and to make a PGP message censorship resistant you need either a trusted authority to continue to host and certify it, or a distributed network of validator nodes like Tor (10 validator nodes) or Ethereum (thousands of validator nodes).
If you remove crypto from this equation you are left with a permissioned solution. Which is fine for many uses, but not the same thing.
A practical example would be removing crypto from a USDC or DAI transfer between two people across the globe who wish to send USD-like asset, despite neither of them having access to a US bank account. The proposed solutions are to send cash in the mail, or PayPal, or whatever, and none are the same as a USDC or DAI transfer.
PGP does not achieve timestamped and censorship-resistant record on a distributed network. A closer analogy is Tor which is secured by about 10 authorized nodes worldwide; so a different design space than crypto which is permissionless and secured by thousands.
All of your complaints are just that: complaints. X crypto thing works but not well enough for your needs and expectations. But your supposed solution Y, like PGP or physical USD cash, only achieves some facets of what people are using X crypto thing for.
The suggestion that sending wads of cash in the mail is somehow better, safer, and less reliant on central intermediaries compared to a crypto transfer is a hilarious statement though.