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This constant whining is getting popular nowadays, specially on hn. >ooohh this thing I got in early is now popular Give me a break. Alot of smart people here t

by maipen 6y ago

This constant whining is getting popular nowadays, specially on hn. >ooohh this thing I got in early is now popular Give me a break. Alot of smart people here think they know what matters but they don't. They often point at the technology and this and that, but it doesn't matter, they are all wrong. The price chart is the only thing that matters. Even if you had the best scalable crypto. Would it matter if nobody could make money on it? People only adopt these things to make money because it's not a necessity, unlike In your country where you need, your government's printed money to buy food and survive. Theories sometimes make alot of sense in paper, but reality proves otherwise. In crypto all it matters is price performance. When there is a bear market most people don't want to talk or touch crypto at all. They all want to stay a away, like it is a leprous dog. You can pay for less shit with bitcoin today, than in 2017.

BrianOnHN 6y ago
> they are all wrong That's pretty absolutist. So, if one's right, that makes you all wrong?
aww_dang 6y ago
It shouldn't need to be said, but preference is individual. If I dislike something, a high price tag won't change my preference.
- wtvanhest 6y ago
  In the case of crypto, it probably should. The reality is that there is so much compute power aimed at BTC/ETH, that if you try to use a 'cheap' crypto currency, it is susceptible to compute power attacks or at the very least, hasn't been battle tested against non-compute attacks. IMO, if you are going to write a smart-contract or "invest" in crypto, you should have an extremely good reason to do it anywhere but ETH/BTC. The price and value of the chain give an signal of security.
  - aww_dang 6y ago
    Price isn't equal to utility. You can illuminate your home cheaply with electricity or expensively with candles. Yet the lower priced version is more effective. Technology advances. Technology is a means to an end. Examine the merits of the technology to determine if it provides utility to help you achieve the ends you desire.

by maipen 6y ago

BrianOnHN 6y ago

> they are all wrong That's pretty absolutist. So, if one's right, that makes you all wrong?

aww_dang 6y ago

It shouldn't need to be said, but preference is individual. If I dislike something, a high price tag won't change my preference.

wtvanhest 6y ago
In the case of crypto, it probably should. The reality is that there is so much compute power aimed at BTC/ETH, that if you try to use a 'cheap' crypto currency, it is susceptible to compute power attacks or at the very least, hasn't been battle tested against non-compute attacks. IMO, if you are going to write a smart-contract or "invest" in crypto, you should have an extremely good reason to do it anywhere but ETH/BTC. The price and value of the chain give an signal of security.
- aww_dang 6y ago
  Price isn't equal to utility. You can illuminate your home cheaply with electricity or expensively with candles. Yet the lower priced version is more effective. Technology advances. Technology is a means to an end. Examine the merits of the technology to determine if it provides utility to help you achieve the ends you desire.