The underlying tech is potentially powerful and useful. The current popular implementations are slow, have very wonky hyperdeflationary economics (which makes t

The underlying tech is potentially powerful and useful. The current popular implementations are slow, have very wonky hyperdeflationary economics (which makes them Ponzis whether intended or not), and are surrounded by a toxic ecosystem that is shockingly riddled with scams and fraud. HN has, like many other circles, gotten sick of the breathless vaporware hype and scams.