Are blockchains a force for economic progress or simply lighter fluid for memes and scams?tl;drIn this essay, I consider the question, "Are blockchains better or worse for society and, assuming you associate the two in any way, economic growth?". Said another way, "Why all the hate, senpai?". I first describe the neoclassical economic idea that markets work because they create incentives that coordinate self-interested actors to produce growth, primarily via technical innovation. I explain ho...