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Horrible and tasteless comment. HN crowd takes every opportunity to attack Bitcoin.

charles_kaw 4y ago
Because the cryptocurrency community demonstrated incredible hubris, and even mocked "no-coiners" constantly. So, it shouldn't be a surprise that some people would respond in kind. I don't think it's great to mock people for losing their life savings, but that's where it's coming from I think.
- Phileosopher 4y ago
  From a population perspective, all groups of people will have a disproportionate fringe of memorable behaviors. I've always found it odd that people group an entire community together like that, which may be the fact that I'm on the spectrum. The crypto jerks aren't necessarily the ones who quietly used blockchain investments as an attempt to invest. Can't say they made a wise decision, but it's just bad form to strike someone when they're down. They still came out better than taking $40K in consumer debt!
SergeAx 4y ago
I left you a perfect chance to retort with a joke about future crypto-assets growth, but you chose just to whine lamely. No wonder crypto bros are so non-likable.
- tradertef 4y ago
  The problem is not the joke, the problem is persistence of hate towards Bitcoin from people in the tech community. I guess tech-bros are non-likeable to most people as well.
  - SergeAx 4y ago
    For the record: I personally think that Bitcoin is the only part of crypto which is partially useful. Of course it is mostly used for empty speculation and buying drugs, but there are transfer and legitimate payment sides of it. Too bad its cost for the humanity is disproportional. Ethereum network is a nice exercise in distributed computing, but its usefulness is questionable, while harm is undeniable. Everything else crypto are either scam (I estimate this at 90%) or solutions in search of problems.
    - tradertef 4y ago
      For the record: I agree except "its cost" part. Bitcoin consumes less energy than cloth dryers. It is not "cheap" for the environment to mine gold, haul it around the globe, have those gold shops, build storage for gold etc. etc. This is not even considering whole banking system.
      - SergeAx 4y ago
        Gold has a lot of applications besides wealth accumulation, electronics and jewelry together makes almost 2/3 of demand [1] [1] https://www.statista.com/statistics/299609/gold-demand-by-industry-sector-share/ https://www.statista.com/statistics/299609/gold-demand-by-in... Drying machines makes life of a lots and lots of people more comfortable. Hundreds of millions is my lower estimation, maybe even billions (if we include industrial dryers used in textile and clothes-making). Useful segment (eg except speculation and illegal activities) of Bitcoin operation is consumed by millions of people tops, two or three orders of magnitude less. And I never heard about using dryers for drug trade.
        tradertef 4y ago
        95% of existing gold is used for store (including jewelery) [1]; not for industrial applications. [1] https://www.bullionvault.com/gold-guide/why-gold https://www.bullionvault.com/gold-guide/why-gold
deleted 4y ago
[deleted]

Because the cryptocurrency community demonstrated incredible hubris, and even mocked "no-coiners" constantly. So, it shouldn't be a surprise that some people would respond in kind. I don't think it's great to mock people for losing their life savings, but that's where it's coming from I think.

Phileosopher 4y ago
From a population perspective, all groups of people will have a disproportionate fringe of memorable behaviors. I've always found it odd that people group an entire community together like that, which may be the fact that I'm on the spectrum. The crypto jerks aren't necessarily the ones who quietly used blockchain investments as an attempt to invest. Can't say they made a wise decision, but it's just bad form to strike someone when they're down. They still came out better than taking $40K in consumer debt!

SergeAx 4y ago

I left you a perfect chance to retort with a joke about future crypto-assets growth, but you chose just to whine lamely. No wonder crypto bros are so non-likable.

tradertef 4y ago
The problem is not the joke, the problem is persistence of hate towards Bitcoin from people in the tech community. I guess tech-bros are non-likeable to most people as well.
- SergeAx 4y ago
  For the record: I personally think that Bitcoin is the only part of crypto which is partially useful. Of course it is mostly used for empty speculation and buying drugs, but there are transfer and legitimate payment sides of it. Too bad its cost for the humanity is disproportional. Ethereum network is a nice exercise in distributed computing, but its usefulness is questionable, while harm is undeniable. Everything else crypto are either scam (I estimate this at 90%) or solutions in search of problems.
  - tradertef 4y ago
    For the record: I agree except "its cost" part. Bitcoin consumes less energy than cloth dryers. It is not "cheap" for the environment to mine gold, haul it around the globe, have those gold shops, build storage for gold etc. etc. This is not even considering whole banking system.
    - SergeAx 4y ago
      Gold has a lot of applications besides wealth accumulation, electronics and jewelry together makes almost 2/3 of demand [1] [1] https://www.statista.com/statistics/299609/gold-demand-by-industry-sector-share/ https://www.statista.com/statistics/299609/gold-demand-by-in... Drying machines makes life of a lots and lots of people more comfortable. Hundreds of millions is my lower estimation, maybe even billions (if we include industrial dryers used in textile and clothes-making). Useful segment (eg except speculation and illegal activities) of Bitcoin operation is consumed by millions of people tops, two or three orders of magnitude less. And I never heard about using dryers for drug trade.
      - tradertef 4y ago
        95% of existing gold is used for store (including jewelery) [1]; not for industrial applications. [1] https://www.bullionvault.com/gold-guide/why-gold https://www.bullionvault.com/gold-guide/why-gold

deleted 4y ago

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