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Twitter crypto-haters essentially act as the "anti" to the crypto-bro "pro". Both repeat the same memes to each other in a self-reenforcing echo chamber. The u
by megameter 5y ago
Twitter crypto-haters essentially act as the "anti" to the crypto-bro "pro".
Both repeat the same memes to each other in a self-reenforcing echo chamber. The underlying link is to political consensus. Leftist-socialist Twitter is eager to say that socialism is good because Bitcoin is bad. Trumpist-conservativist Twitter loves to say that Bitcoin is good because Joe Biden is bad. Nihilistic crypto permabulls are so hyped up that they jump into every thread to defend their favorites and their negativity is usually limited to the dismissive "sorry you want to be poor".
It never really goes anywhere. Someone comes up with a new crypto narrative - adoption, value, environmental impacts, human interest - and it's all you hear about for the next month. If you try to find good information you are presented with an opaque wall of obvious scams, not as obvious scams, and people who believe or do not believe in them.
There is interesting stuff going on, but the people studying it carefully are so hard to find through all the noise now.
It's easier when there's a bear market.
- SubiculumCode 5y agoYet one would hope that if the discussion is on HN, then we'd rise above flamewars, and talk specifics, specific limitations, specific advantages, etc.