3 ms·

I'm blown away by how quickly this rose on HN and how unconvincing it is.

by _2d30 5y ago

deleted 5y ago
[deleted]
hanniabu 5y ago
It's a fud piece by a bitcoin maxi and HN is anti-crypto so it resonates with them and gives the echo chamber some good confirmation bias kool aid.
- yanmaani 5y ago
  Am I a Bitcoin maximalist?
- make_it_sure 5y ago
  It's the same for the other side.
- TrackerFF 5y ago
  I wouldn't say that HN is staunchly anti-crypto, more crypto skeptical. Many of us were in the scene from the beginning, and have made good money on the hype. But one thing that's extremely apparent, is that for the past 10 years, the crypto community has been 95% greed, 5% innovation. With the innovation part having picked up speed only the past few years. At first, it was the an-cap dream. Decentralized, trustless, govt free internet money. No longer were you a prisoner to slow bank-transfers, expensive middle-men (PayPal, etc.), and could purchase whatever you wanted. Then the price shot up, and everyone wanted to become rich. So people "agreed" that BTC is no longer a coin made for spending, but rather a storage of value. Like gold. Use altcoins if you actually want to spend your crypto. But who wants to spend any, with the rising prices? Meanwhile, centralized banks, 3rd party businesses, etc. have solved all the personal finance issues that plagued us 10 years ago. In most countries today, you can transfer money pretty much instantaneously, without getting anxiety every time you press "send". I'll give DeFi, Dapps, etc. credit - they've finally managed to roll out usable things, but it's still way, way too hard for regular users. And most regular people do not give two shits whether something is decentralized and trustless. I can think of multiple legit uses for the blockchain technology - but I'm gonna be honest, I'm having a harder and harder time seeing how cryptocurrencies will replace any national currency. As of right now, it's almost purely speculation and get-rich-quick schemes. We're still in the wild west, but it's not gonna stay that for long. With regulations looming around, it's just a mater of time. But I digress

I'm blown away by how quickly this rose on HN and how unconvincing it is.

by _2d30 5y ago

I'm blown away by how quickly this rose on HN and how unconvincing it is.

deleted 5y ago

[deleted]

hanniabu 5y ago

It's a fud piece by a bitcoin maxi and HN is anti-crypto so it resonates with them and gives the echo chamber some good confirmation bias kool aid.

yanmaani 5y ago
Am I a Bitcoin maximalist?
make_it_sure 5y ago
It's the same for the other side.
TrackerFF 5y ago
I wouldn't say that HN is staunchly anti-crypto, more crypto skeptical. Many of us were in the scene from the beginning, and have made good money on the hype. But one thing that's extremely apparent, is that for the past 10 years, the crypto community has been 95% greed, 5% innovation. With the innovation part having picked up speed only the past few years. At first, it was the an-cap dream. Decentralized, trustless, govt free internet money. No longer were you a prisoner to slow bank-transfers, expensive middle-men (PayPal, etc.), and could purchase whatever you wanted. Then the price shot up, and everyone wanted to become rich. So people "agreed" that BTC is no longer a coin made for spending, but rather a storage of value. Like gold. Use altcoins if you actually want to spend your crypto. But who wants to spend any, with the rising prices? Meanwhile, centralized banks, 3rd party businesses, etc. have solved all the personal finance issues that plagued us 10 years ago. In most countries today, you can transfer money pretty much instantaneously, without getting anxiety every time you press "send". I'll give DeFi, Dapps, etc. credit - they've finally managed to roll out usable things, but it's still way, way too hard for regular users. And most regular people do not give two shits whether something is decentralized and trustless. I can think of multiple legit uses for the blockchain technology - but I'm gonna be honest, I'm having a harder and harder time seeing how cryptocurrencies will replace any national currency. As of right now, it's almost purely speculation and get-rich-quick schemes. We're still in the wild west, but it's not gonna stay that for long. With regulations looming around, it's just a mater of time. But I digress