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Most people on HN, myself included, do not hate blockchain, but are extremely skeptical of the discourse and community that has grown up around it for a few rea
by cirgue 9y ago
Most people on HN, myself included, do not hate blockchain, but are extremely skeptical of the discourse and community that has grown up around it for a few reasons:
- Blockchain is essentially a distributed database. It's an interesting implementation of the idea, but the universe of problems that this can solve is significantly smaller than blockchain proponents will ever acknowledge. That kind of intellectual dishonesty does not sit well with people who by professional habit think critically about the applications of any new technology. There are a lot of those people on HN.
- It is extremely profitable to over-hype blockchain. There are enormous amounts of money to be made by bilking the greater fool in the cryptocurrency market and the best way to do that is to create media buzz, including on this platform. That obviously rubs people the wrong way. No one likes sleaze-bags.
- The proportion of conversations about cryptocurrency that involve a massive misunderstanding of monetary economics, databases, and the word 'algorithm' approaches 1. If you ask someone what the differences are between fiat currency, gold, and bitcoin, you will generally get an answer that is complete nonsense. Most (many?) people have experienced the desperation of trying to escape a tedious conversation about the evils of fiat currency, or reading comments on HN/other platforms that sound like cult-speak. That shouldn't matter and every great idea has had proponents that are idiots, but people associate the things hear about something with the thing itself, and a lot of what is said about blockchain is pretty dumb.