3 ms·
Two anti-crypto stories on the same day? "Blockchain isn't about democracy and decentralisation – it's about greed " https://news.ycombinator.com/item?id=1821
by liftbigweights 8y ago
Two anti-crypto stories on the same day?
"Blockchain isn't about democracy and decentralisation – it's about greed "
https://news.ycombinator.com/item?id=18219256 https://news.ycombinator.com/item?id=18219256
I'm not a fan of cryptos, but it's fascinating how so much of the media ( even in different countries ) push the same narrative in almost a coordinated fashion.
- s73v3r_ 8y agoOr maybe they just show up here because the community is interested in cryptocurrency.
- LyndsySimon 8y agoI'm a somewhat early adopter of Bitcoin, and believe in its long-term utility. Even so, I've been bearish for some time due to the influx of people who are buying coins or nothing more than speculation. I don't think that's "bad" per se, but it's not a sustainable means of growth. I'm seeing more an more of these "the end is near" articles popping up. After witnessing a half dozen or so boom/bust cycle firsthand, my spidey sense is beginning to tingle that we're about to enter another one. After ten months of decreasing volatility and regression toward a mean price of $6,500 +/- 5%, I'm expecting a run-up any day now. It may not be another "to the moon!" run, but it'll happen. When it does, the new value will stabilize higher than it is right now.
- LyndsySimon 8y agoHa! After writing this comment, I checked the price history for the first time in a month or two. There was a spike in price and volume about 12 hours ago, that at first glance appears to be the largest in six months or so.