Correspondence theory has the same problem—correspondence with what? But it’s worse: there is no redeeming extension, since justified beliefs need to directly correspond with reality, rather than being extrapolated from a process that is judged reliable when it comes to claims that can (eventually, sometimes) be more fundamentally justified.
Doesn’t correspondence theory more point out the problem with crypto than crypto point out the problem with reality?
Examples:
The USG has a monopoly on legitimate violence within its borders. This monopoly is not encoded anywhere on a blockchain or anything. However, that doesn’t change the reality that it does have that monopoly.
People want to track ownership, truth (for e.g. prediction markets), copyright, etc., using cryptography. However, this faces a number of difficult grounding problems, e.g. there’s not really anything that can fully prevent people from cheating at it. But this doesn’t change the underlying reality that crypto is supposed to be describing.
There’s stuff like stablecoins which are supposed to correspond to fiat currencies, but that doesn’t mean they necessarily maintain that correspondence. But if they fail, it will not be reality that fails, but instead be the crypto.
Doesn’t correspondence theory more point out the problem with crypto than crypto point out the problem with reality?
Examples:
The USG has a monopoly on legitimate violence within its borders. This monopoly is not encoded anywhere on a blockchain or anything. However, that doesn’t change the reality that it does have that monopoly.
People want to track ownership, truth (for e.g. prediction markets), copyright, etc., using cryptography. However, this faces a number of difficult grounding problems, e.g. there’s not really anything that can fully prevent people from cheating at it. But this doesn’t change the underlying reality that crypto is supposed to be describing.
There’s stuff like stablecoins which are supposed to correspond to fiat currencies, but that doesn’t mean they necessarily maintain that correspondence. But if they fail, it will not be reality that fails, but instead be the crypto.