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> Hacker News has gotten overwhelmingly anti-crypto to an extent it’s as bad an echo chamber as many pro-crypto echo chambers. I think it's reasonably skeptica
by cowtools 4y ago
> Hacker News has gotten overwhelmingly anti-crypto to an extent it’s as bad an echo chamber as many pro-crypto echo chambers.
I think it's reasonably skeptical. There is a balance here.
> People have such a hatred for crypto they are overjoyed to celebrate a crypto crash. They were annoyed people they disliked were getting rich and now feel “vindicated” the bubble is popping.
I like crypto and even I am rooting for the crash. There is simply too much hype and investment in useless projects, it distracts from the actually useful crypto projects, and is generally bad for the development of cryptocurrency as a whole
- kareemsabri 4y agoWhat do you think is the most useful crypto project?
- cowtools 4y agoRight now it is probably monero. It does one thing (anonymous transactions) and does it alright. But I think we will see increased adoption of less decentralized and anonymous systems like GNU Taler or Nano for micropayments, which are generally lower-risk and hinge more on per-transaction fees. I think that is the "real" use-case of cryptocurrency besides buying drugs on the DN- to serve as an micropayment/spam-prevention system and an alternative to advertisement-based funding for websites. Output obfuscation is a really useful feature, but it comes at a pretty great cost of bandwidth. I think this area will continue to improve in the future.