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Good little writeup. There really is no real world use case for them. Glad to see the crypto fad ending.

by voz_ 4y ago

seibelj 4y ago
Crypto has been rallying like all speculative assets. If crypto was like beanie babies (as HN group think says) it would have crashed years ago and stayed dead.
- vkou 4y ago
  It's not beanie babies, most of it is more like a ponzi scheme, which tend to be financial perpetual motion machines.
- voz_ 4y ago
  Thanks for accusing me of group think! To turn the tables around, the burden of proof is on crypto to be useful, not on me. Stuff is not useful by default. So, instead of stooping to your insults, let me ask you - what use does it have? Also, I found you online, you work for crypto, pretty dishonest of you to not disclose that before commenting.
- petesergeant 4y ago
  > it would have crashed years ago Markets are capable of staying irrational a very long time
  - timdaub 4y ago
    HN has stayed irrational longer than crypto that's for sure
koonsolo 4y ago
I saved this especially for people like you: https://news.ycombinator.com/item?id=31998722 https://news.ycombinator.com/item?id=31998722
- lern_too_spel 4y ago
  The law could easily shut him down, so crypto isn't a solution either.
  - deleted 4y ago
    [deleted]
  - koonsolo 4y ago
    Sure, a law could state it's illegal, but that surely wouldn't shut him down.
    - soco 4y ago
      Let me pass these news to Tether okay.
      - koonsolo 4y ago
        Prosecuting a company is way different than trying to find some guy that posted something on the internet. Good luck with the last one, especially when that person is tech savvy and paranoid.
tim333 4y ago
Is it ending? It kind of has a habit of not actually doing so https://99bitcoins.com/bitcoin-obituaries/ https://99bitcoins.com/bitcoin-obituaries/ Crypto actually works kind of great as a speculative casino. If you think that isn't a real world use case then you may have a rather rose tinted view of the world.

Good little writeup. There really is no real world use case for them. Glad to see the crypto fad ending.

by voz_ 4y ago

Good little writeup. There really is no real world use case for them. Glad to see the crypto fad ending.

Crypto has been rallying like all speculative assets. If crypto was like beanie babies (as HN group think says) it would have crashed years ago and stayed dead.

vkou 4y ago
It's not beanie babies, most of it is more like a ponzi scheme, which tend to be financial perpetual motion machines.
voz_ 4y ago
Thanks for accusing me of group think! To turn the tables around, the burden of proof is on crypto to be useful, not on me. Stuff is not useful by default. So, instead of stooping to your insults, let me ask you - what use does it have? Also, I found you online, you work for crypto, pretty dishonest of you to not disclose that before commenting.
petesergeant 4y ago
> it would have crashed years ago Markets are capable of staying irrational a very long time
- timdaub 4y ago
  HN has stayed irrational longer than crypto that's for sure

koonsolo 4y ago

I saved this especially for people like you: https://news.ycombinator.com/item?id=31998722 https://news.ycombinator.com/item?id=31998722

lern_too_spel 4y ago
The law could easily shut him down, so crypto isn't a solution either.
- deleted 4y ago
  [deleted]
- koonsolo 4y ago
  Sure, a law could state it's illegal, but that surely wouldn't shut him down.
  - soco 4y ago
    Let me pass these news to Tether okay.
    - koonsolo 4y ago
      Prosecuting a company is way different than trying to find some guy that posted something on the internet. Good luck with the last one, especially when that person is tech savvy and paranoid.

tim333 4y ago

Is it ending? It kind of has a habit of not actually doing so https://99bitcoins.com/bitcoin-obituaries/ https://99bitcoins.com/bitcoin-obituaries/ Crypto actually works kind of great as a speculative casino. If you think that isn't a real world use case then you may have a rather rose tinted view of the world.