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> It's been amusing to watch HN's overwhelmingly negative reaction to cryptocurrencies Not all cryptocurrencies. Only the ones with "intrinsic value". Just bec
by noncoml 9y ago
> It's been amusing to watch HN's overwhelmingly negative reaction to cryptocurrencies
Not all cryptocurrencies. Only the ones with "intrinsic value". Just because I print pieces of paper in my basement, doesn't mean that there is an intrinsic value in them.
> It's too bad, since there actually are some interesting technologies beginning to come out of the cryptocurrency sphere
100% agree with this. There are some interesting ideas and technologies.
> What I suspect is that many startup types have sour grapes over how they could have made nearly as much money speculating on digital tokens as they did building their web or app business
I can only speak for myself: No. No sour grapes. Since day 1 I thought Bitcoin was a pyramid/Ponzi kind of scheme. I would never have taken part in such a system.
- brucephillips 9y ago> Not all cryptocurrencies. But the one with "intrinsic value". Just because I print pieces of paper in my basement, doesn't mean that there is an intrinsic value in them. Basement paper doesn't have a guaranteed fixed supply.
- tambienben 9y ago>Since day 1 I thought Bitcoin was a pyramid/Ponzi kind of scheme. So, how well do you actually understand it?
- noncoml 9y agoNot sure what you are trying to do by taking a sentence out of context. > No. No sour grapes. Since day 1 I thought Bitcoin was a pyramid/Ponzi kind of scheme. I would never have taken part in such a system. The point of the paragraph was to show that it is not sour grapes as suggested.
- tambienben 9y agoNot sure why you would avoid a still relevant question.
- noncoml 9y agoI’ll amswer it, just for you: Better than you.
- tambienben 9y agoYeah, not very convincing. Come back once your balls have dropped.