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> Cash in the bank already is "electronic money". Cryptocurrency doesn't add any benefits [...] Why bother replying to comments in threads about cryptocurrency

by leppr 8y ago

> Cash in the bank already is "electronic money". Cryptocurrency doesn't add any benefits [...] Why bother replying to comments in threads about cryptocurrency if they don't have any benefit ? Clearly now that cryptocurrency long speculators have pretty much all died, cryptocurrency should just disappear by itself if it doesn't have any use over fiat. Or do you not believe in your own opinion ?

root_axis 8y ago
> Why bother replying to comments in threads about cryptocurrency if they don't have any benefit Am I not allowed to post if I think cryptocurrencies are useless? > Clearly now that cryptocurrency long speculators have pretty much all died, cryptocurrency should just disappear by itself if it doesn't have any use over fiat. Or do you not believe in your own opinion Why don't you just articulate some of the benefits instead of invoking bloviated sarcasm? The argument that "bitcoin exists so it must be useful" is pretty obviously fallacious logic.
- leppr 8y ago
  You are the one making the sweeping claim ("CryptoCurrency doesn't add any benefit"), so unless your name is Donald Trump, the burden of formulating precise criticism actually falls on you. My apologies if you weren't being intentionally disingenuous though, in that case, here's a link with what seems like good answers to your question: https://www.quora.com/What-are-the-advantages-of-Cryptocurrency-over-Traditional-Money https://www.quora.com/What-are-the-advantages-of-Cryptocurre...
  - madeofpalk 8y ago
    Most of those are either bugs, not features, or just have nothing to do with cryptocurrency and can be (and have been) implemented on top of our existing banking infrastructure (or it's reasonably non-trivial to create new infrastructure for it).
  - root_axis 8y ago
    I'm not making a sweeping claim, I'm asserting something more akin to a null hypothesis. The extraordinary claim is the one that suggests cryptocurrency has lots of benefits when all the available evidence points to the reality that it is mostly a toy. Posting a page full of quora answers as your response is not a practical way to have a discussion. If you have a point to make I encourage you to lay it out here so that I can address it, I am not going to spend time constructing a response to a page of quora answers you took 30 seconds looking up on google.
  - IAmGraydon 8y ago
    It seems like you don’t want to hear dissenting opinions because you have a vested interest in crypto and it’s unpleasant to consider that you may be wrong. His opinion is just as valid as yours, and HN exists for such discussion. So, in the interest of hearing both sides, what benefits do you claim crypto provides that aren’t already provided by fiat currency?

by leppr 8y ago

root_axis 8y ago

> Why bother replying to comments in threads about cryptocurrency if they don't have any benefit Am I not allowed to post if I think cryptocurrencies are useless? > Clearly now that cryptocurrency long speculators have pretty much all died, cryptocurrency should just disappear by itself if it doesn't have any use over fiat. Or do you not believe in your own opinion Why don't you just articulate some of the benefits instead of invoking bloviated sarcasm? The argument that "bitcoin exists so it must be useful" is pretty obviously fallacious logic.

leppr 8y ago
You are the one making the sweeping claim ("CryptoCurrency doesn't add any benefit"), so unless your name is Donald Trump, the burden of formulating precise criticism actually falls on you. My apologies if you weren't being intentionally disingenuous though, in that case, here's a link with what seems like good answers to your question: https://www.quora.com/What-are-the-advantages-of-Cryptocurrency-over-Traditional-Money https://www.quora.com/What-are-the-advantages-of-Cryptocurre...
- madeofpalk 8y ago
  Most of those are either bugs, not features, or just have nothing to do with cryptocurrency and can be (and have been) implemented on top of our existing banking infrastructure (or it's reasonably non-trivial to create new infrastructure for it).
- root_axis 8y ago
  I'm not making a sweeping claim, I'm asserting something more akin to a null hypothesis. The extraordinary claim is the one that suggests cryptocurrency has lots of benefits when all the available evidence points to the reality that it is mostly a toy. Posting a page full of quora answers as your response is not a practical way to have a discussion. If you have a point to make I encourage you to lay it out here so that I can address it, I am not going to spend time constructing a response to a page of quora answers you took 30 seconds looking up on google.
- IAmGraydon 8y ago
  It seems like you don’t want to hear dissenting opinions because you have a vested interest in crypto and it’s unpleasant to consider that you may be wrong. His opinion is just as valid as yours, and HN exists for such discussion. So, in the interest of hearing both sides, what benefits do you claim crypto provides that aren’t already provided by fiat currency?