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Note to crypto bros: This doesn't apply to cryptocurrency or blockchains. If cryptocurrency or blockchains could be more useful for most people than what alread

Note to crypto bros: This doesn't apply to cryptocurrency or blockchains. If cryptocurrency or blockchains could be more useful for most people than what already exists (fiat currency, traditional banks and payment systems), we would know it by now.

k__ 4y ago
Good that you are able to declare that unilaterally.
- GalenErso 4y ago
  I had to get it out of the way because crypto bros rarely miss a chance of interjecting their fad into any conversation. I realize the irony of my comment. I embrace that irony.
jondwillis 4y ago
Funny enough, with the current financial meltdown, we might find out very soon if BTC will live up to a large part of its original intended purpose.
- pclmulqdq 4y ago
  As long as BTC has tons of "price action," it can't live up to the dream of a stable non-central-bank-backed currency. It will continue to be a speculative asset. At this point, the only actual "inflation hedge" in the cryptocurrency space seems to be Monero. Everything else has "price action" like levered NASDAQ.
  - jondwillis 4y ago
    I hear you and agree that it has always been speculative, and has been trading in sympathy/speculative bubble with US tech for quite some time. However, it did de-couple from the NASDAQ after the SVB dust began to settle.
jdminhbg 4y ago
post from 1965 Note to AI dorks: This doesn’t apply to neural networks. If neural nets could be more useful for most applications than what already exists (expert systems, human intervention), we would know it by now.
- GalenErso 4y ago
  I stand by what I said.
spir 4y ago
HN community member response: Given that Ethereum launched in July 2015 and prior to that, no programmatic blockchain existed, on what basis did you select your parameter of 7.75 years as the amount of time necessary to elapse before we're sure no valid at-scale use cases exist? Crypto bro response: loaning my USDC on Notional for a fixed rate of 4.6% and then bridging it to Arbitrum Nova to then send my friends and family interest-bearing US dollar payments for zero transaction fees seems pretty f'ing useful to me. Degen response: lol ok bro gl with that
- GalenErso 4y ago
  > loaning my USDC on Notional for a fixed rate of 4.6% and then bridging it to Arbitrum Nova to then send my friends and family interest-bearing US dollar payments for zero transaction fees seems pretty f'ing useful to me. /r/ThatHappened. Nobody does that.

k__ 4y ago

Good that you are able to declare that unilaterally.

GalenErso 4y ago
I had to get it out of the way because crypto bros rarely miss a chance of interjecting their fad into any conversation. I realize the irony of my comment. I embrace that irony.

jondwillis 4y ago

Funny enough, with the current financial meltdown, we might find out very soon if BTC will live up to a large part of its original intended purpose.

pclmulqdq 4y ago
As long as BTC has tons of "price action," it can't live up to the dream of a stable non-central-bank-backed currency. It will continue to be a speculative asset. At this point, the only actual "inflation hedge" in the cryptocurrency space seems to be Monero. Everything else has "price action" like levered NASDAQ.
- jondwillis 4y ago
  I hear you and agree that it has always been speculative, and has been trading in sympathy/speculative bubble with US tech for quite some time. However, it did de-couple from the NASDAQ after the SVB dust began to settle.

jdminhbg 4y ago

post from 1965 Note to AI dorks: This doesn’t apply to neural networks. If neural nets could be more useful for most applications than what already exists (expert systems, human intervention), we would know it by now.

GalenErso 4y ago
I stand by what I said.

spir 4y ago

HN community member response: Given that Ethereum launched in July 2015 and prior to that, no programmatic blockchain existed, on what basis did you select your parameter of 7.75 years as the amount of time necessary to elapse before we're sure no valid at-scale use cases exist? Crypto bro response: loaning my USDC on Notional for a fixed rate of 4.6% and then bridging it to Arbitrum Nova to then send my friends and family interest-bearing US dollar payments for zero transaction fees seems pretty f'ing useful to me. Degen response: lol ok bro gl with that

GalenErso 4y ago
> loaning my USDC on Notional for a fixed rate of 4.6% and then bridging it to Arbitrum Nova to then send my friends and family interest-bearing US dollar payments for zero transaction fees seems pretty f'ing useful to me. /r/ThatHappened. Nobody does that.