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> I do wonder why HN is so anti-crypto Some of it is regret from selling early (I'd be a billionaire... if I had held), some of it is FOMO, some of it is that
by indymike 4y ago
> I do wonder why HN is so anti-crypto
Some of it is regret from selling early (I'd be a billionaire... if I had held), some of it is FOMO, some of it is that crypto is used by criminals (see bitlocker hacks), some of it is seeing people loose everything due to security breaches, and some of it is the attitude of proponents that act like all of the above is an anomaly.
- junofan 4y agoIt does make for strange bedfellows. Weird to see so much support for the traditional banking system and antipathy towards people advancing an alternative. Credit Suisse has a rap sheet a mile long.
- ben_w 4y agoI first heard about it at $250/btc, and I didn't invest then for the same reason I think it's bad now: the hype around it is exactly the same as every bubble I've heard about in history lessons, including the one in house prices and subprime mortgages leading up to the 2007 global financial crisis.
- shjake 4y agoThe fact that the current system has huge flaws doesn’t mean that any random alternative is superior to it. IMHO the current monetary/financial system is superior to everything that has ever been tried. While it might be worth having a discussion about crypto using btc as a currency would be the digital equivalent of bottle caps in a post apocalyptic society. Dogecoin would make a better currency..