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> Majority here at HN seems to lack any intellectual curiosity on this topic though and are just rabidly opposed to anything crypto related. Ironic given how ma
by celtoid 4y ago
> Majority here at HN seems to lack any intellectual curiosity on this topic though and are just rabidly opposed to anything crypto related. Ironic given how many tech start ups basically just operate as pump and dump schemes that create little to no real value either.
Agreed. It's doubly ironic as Coinbase probably wouldn't exist but for Y Combinator.
- bluecalm 4y agoMany here are pointing out that Coinbase is build on top of scams and doomed to fail once those collapse. I think IPO'ing it was a great dump on the public enriching the founders and investors at the cost of vulnerable and misinformed. It's probably not a scam legally though. Just profiteering from the naive. I would add Airbnb to the list.. Terrible company generating significant part of its revenue from misrepresentation scams and protecting dishonest hosts by design. The tide is turning on that one as well though as people are catching up to the practices.