At best it's the same shitty arguments we heard from crypto grifters and their suckers. Let's take a process that's complex and manual by design to allow for independent validation and securing against fraud and make it faster by cutting those parts out and throwing some high-tech nonsense at the problem that we can claim replaces all the verification and validation. (The fact that they called their system "trustless" in the face of this is deeply ironic.) But maybe it's the cynicism talking but I'm even less inclined to give anyone other than maybe the author of that sub stack the benefit of the doubt that they actually believed it.

The ideal customer for this service is the kind of "Visionary Leader" with the "Founder Mindset" and "Drive to Innovate" that lets them see that all those privacy, security, fraud prevention, anti-embezzlement, and whatever else those standards and their associated compliance mechanisms are meant to provide are just pointless obstacles on the path to making obscene amounts of money by burning the world behind you. Often the shit we talk about here makes me think the world has gone mad or stupid, but every so often I feel like I'm staring at the face of capital-E Evil and this is one of those times.