I agree that we shouldn't dump on other people's ideas, but I think one reason there is so much vitriol against crypto and NFTs on HN is the lack of real regula

I agree that we shouldn't dump on other people's ideas, but I think one reason there is so much vitriol against crypto and NFTs on HN is the lack of real regulation. The field creates systemic market risk that could negatively impact everyone. The SEC requires investors in high-risk, early stage tech companies to be accredited, so that if an investment fails (which 90% do), accredited investors at least have some cushion. In the case of crowdfunded investments, there are dollar amount limits to protect individual unaccredited investors from getting wiped out. Public companies are restricted in the types of information they can release publicly to protect individual investors from fraud. Crypto boosters can say whatever they want, whenever they want, to convince people to invest. With crypto and NFTs, someone making minimum wage could easily invest their entire savings into a completely unproven, early-stage technology and lose it all in a matter of hours.