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Many of the points brought up are completely valid but they're also heavily biased and often lack critical examination. Meaning, they take a stance of skeptic t

Many of the points brought up are completely valid but they're also heavily biased and often lack critical examination. Meaning, they take a stance of skeptic to the article but don't use the same bar for themselves. They purposefully take ungenerous interpretations of statements to build straw man arguments then accuse the article of making straw man arguments. They bring up studies and articles contradicting claims in the piece then dismiss the studies brought up in the piece as being ambiguous because they don't have more rigor. Often, the comments are nothing more than snide remarks deriding the claims without any citations while at the same time writing "citation needed" for various other parts of the article. As I said, there are many fair points in this criticism but this critique, and other pieces like it, are, in my opinion, not really trying to pursue the truth, they're written to cater to an audience that wants to dismiss cryptocurrency outright.

rvz 5y ago
Precisely. Most of the points about where it doesn't make sense to use blockchains are valid (Social media, storing images on-chain, etc) but the critics themselves like to filter, dismiss and scream ALL of it as an entire scam, which is quite a dangerous assumption for them in the long term, but we'll see. Who knows if the larger cryptocurrencies will still be around in 10 years time due to those criticisms or will they just adapt and fit in to better use cases? I also dislike the hype around NFTs as them being a marketplace for JPEGs but not all of them are like this. Perhaps 90% of NFTs will crumble with only 10% of them still being around that have a use case. Due to a few of them having some utility, I certainly won't dismiss the whole thing or the technologies behind them. Otherwise we will see yet another HN crypto post with the same comments and dismissals attached to them. I expect for them to easily ignore it since they are convinced it will completely collapse in the future. I'm not sure why they find it very difficult to do this but even I also think the majority of the hype will collapse too due to regulations, but the technologies (including blockchain) will still live on.

rvz 5y ago

Precisely. Most of the points about where it doesn't make sense to use blockchains are valid (Social media, storing images on-chain, etc) but the critics themselves like to filter, dismiss and scream ALL of it as an entire scam, which is quite a dangerous assumption for them in the long term, but we'll see. Who knows if the larger cryptocurrencies will still be around in 10 years time due to those criticisms or will they just adapt and fit in to better use cases? I also dislike the hype around NFTs as them being a marketplace for JPEGs but not all of them are like this. Perhaps 90% of NFTs will crumble with only 10% of them still being around that have a use case. Due to a few of them having some utility, I certainly won't dismiss the whole thing or the technologies behind them. Otherwise we will see yet another HN crypto post with the same comments and dismissals attached to them. I expect for them to easily ignore it since they are convinced it will completely collapse in the future. I'm not sure why they find it very difficult to do this but even I also think the majority of the hype will collapse too due to regulations, but the technologies (including blockchain) will still live on.