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Yeah it's because HN is engineering focused, and somehow "crypto" is not supposed to be upheld to the same standards as everything else. Everything is always a
by enlyth 4y ago
Yeah it's because HN is engineering focused, and somehow "crypto" is not supposed to be upheld to the same standards as everything else. Everything is always a few years away, mass adoption right around the corner, killer apps and new paradigms of finance, you just have to wait a bit, we're almost there. But nothing of value has been created in a decade.
In my mind it has one good use, darknet markets, but that doesn't justify this whole nonsensical ecosystem somehow worth billions of dollars around it which does basically nothing, apart from being a huge casino. Cryptocurrencies have worked fine before all the finance bros and gurus came in and hijacked the whole space.
- medo-bear 4y agoi think its much bigger than darknet. the crypto world brings together a mix of libertarianists and high risk investors. banking is one of the most hated industries and crypto seems to give it good competition. also a lot of bureocracy can be dealt with efficiently with smart contracts
- Traubenfuchs 4y ago> nothing of value has been created in a decade. A good summary.
- mountainriver 4y agoYup darknet markets were how crypto got started and we have yet to find a better use case