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Judging by the attitude on HN, cryptocurrency should be worth $0 and written off years ago. Instead it's bigger than ever and the most important people on earth

Judging by the attitude on HN, cryptocurrency should be worth $0 and written off years ago. Instead it's bigger than ever and the most important people on earth are focusing on it. Somehow it's simultaneously an incredible, useless scam but is so powerful that we must ban it at all costs! HN doesn't know everything, do your own research, use your own logic.

Nursie 5y ago
“Do your own research”, the tag line of quacks and kranks everywhere…
imsd 5y ago
I love HN but have watched for years as much in the community have completely missed the boat on crypto and blockchain. It's a strange disconnect...
- Karrot_Kream 5y ago
  Shrug whether or not they've missed the boat or are sanguine on the future of crypto and it's all a house-of-cards filled with hucksters doesn't matter. I just don't see why we need to beat this on the head over and over and over and over again, despite no new news. The anti-greenwashing is the one that really gets my blood boiling because of what a large distraction it is to real climate change issues. This whole thing is just bringing the level of discourse here down, and I've been on HN for a long time.
- TigeriusKirk 5y ago
  And no one is going to change their mind at this point. People have far too much ego invested in their opinions of crypto now. I'm in favor of a blanket ban on crypto discussion here. It's all noise at this point.
- zenbai 5y ago
  A lot of people on HN seem to have 'strong opinions strongly held' about things.
- sellyme 5y ago
  "missed the boat" somewhat implies that blockchain technology is already being used for anything except the backing for pump-and-dump schemes and the punchline for jokes. Unless you mean specifically "missed the opportunity to make lots of money", in which case sure, that's absolutely accurate, but if I wanted to gamble I'd just go to a casino.
zenbai 5y ago
You're being downvoted but I completely agree. It's funny how people on HN which are likely some of the first people in the world to know about bitcoin (eg. since it was only at $100 or less) keep upvoting articles like this for years now. I think these people deep down know that they missed an amazing chance by not investing in bitcoin (and other cryptocurrencies) years ago, so articles like this make them feel better about it and lets them justify not investing in bitcoin to themselves. But then in a few years bitcoin 5xs again and then they realize if they bought it at todays price would still have made them massive profit. But then they see a new article saying bitcoin is a ponzi and upvote it and feel good about themselves again. Oh but they have to downvote any comments like yours too.
- Nursie 5y ago
  Yep, because the number going up totally disproves any and all arguments against it. Sigh.

Nursie 5y ago

“Do your own research”, the tag line of quacks and kranks everywhere…

imsd 5y ago

I love HN but have watched for years as much in the community have completely missed the boat on crypto and blockchain. It's a strange disconnect...

Karrot_Kream 5y ago
Shrug whether or not they've missed the boat or are sanguine on the future of crypto and it's all a house-of-cards filled with hucksters doesn't matter. I just don't see why we need to beat this on the head over and over and over and over again, despite no new news. The anti-greenwashing is the one that really gets my blood boiling because of what a large distraction it is to real climate change issues. This whole thing is just bringing the level of discourse here down, and I've been on HN for a long time.
TigeriusKirk 5y ago
And no one is going to change their mind at this point. People have far too much ego invested in their opinions of crypto now. I'm in favor of a blanket ban on crypto discussion here. It's all noise at this point.
zenbai 5y ago
A lot of people on HN seem to have 'strong opinions strongly held' about things.
sellyme 5y ago
"missed the boat" somewhat implies that blockchain technology is already being used for anything except the backing for pump-and-dump schemes and the punchline for jokes. Unless you mean specifically "missed the opportunity to make lots of money", in which case sure, that's absolutely accurate, but if I wanted to gamble I'd just go to a casino.

zenbai 5y ago

You're being downvoted but I completely agree. It's funny how people on HN which are likely some of the first people in the world to know about bitcoin (eg. since it was only at $100 or less) keep upvoting articles like this for years now. I think these people deep down know that they missed an amazing chance by not investing in bitcoin (and other cryptocurrencies) years ago, so articles like this make them feel better about it and lets them justify not investing in bitcoin to themselves. But then in a few years bitcoin 5xs again and then they realize if they bought it at todays price would still have made them massive profit. But then they see a new article saying bitcoin is a ponzi and upvote it and feel good about themselves again. Oh but they have to downvote any comments like yours too.

Nursie 5y ago
Yep, because the number going up totally disproves any and all arguments against it. Sigh.