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Add countries with hyperinflation too such as Venezuela and Argentina. Every cryptocurrency-related post here in HN is flooded with extremely negative comments

Add countries with hyperinflation too such as Venezuela and Argentina. Every cryptocurrency-related post here in HN is flooded with extremely negative comments, even if the post itself does not promote cryptocurrencies. These people have seen countless examples of cryptocurrency scams, but they cannot understand what life under an economically oppressed or unstable country is because they never experienced it.

Zuiii 4y ago
I'd also add: - People living abroad who are completely debanked because local banks refuse to open banks accounts for people who are merely suspected of being US citizns, despite them not being US citizns, with no path to resolve their predicament. This is a real problem that is effecting real people right now. - Any legal activity that the banks and payment processors don't like for one reason or another; onlyfans, "right-wing" websites (whether actual or merely alleged), ...etc. We no longer live in a world where you can live a dignified life with cash alone. Cryptocurrecy is a net positive to humanity, even if the technologies behind it may currently be more wasteful and make the lives of criminals a bit easier. There is simply no alternative for a lot of honest people in financial dead-ends the government can't or won't help. Thank you Satoshi and anyone who works to support this technology for making the world a slightly better place.
Psychoshy_bc1q 4y ago
HN is flooded with overprivileged richkids with no connection to reality
- hnbad 4y ago
  I mean yeah but that describes a vast amount of cryptobros (or at least the more successful ones rather than the ones left holding the bag).
  - RestlessMind 3y ago
    But vast amount cryptobros being idiots doesn't make crypto itself useless. Similar to how there are a vast amount of AI/GPT-bros who are going to annoy us for the next few years, while AI itself is still very cool and beneficial.

Zuiii 4y ago

I'd also add: - People living abroad who are completely debanked because local banks refuse to open banks accounts for people who are merely suspected of being US citizns, despite them not being US citizns, with no path to resolve their predicament. This is a real problem that is effecting real people right now. - Any legal activity that the banks and payment processors don't like for one reason or another; onlyfans, "right-wing" websites (whether actual or merely alleged), ...etc. We no longer live in a world where you can live a dignified life with cash alone. Cryptocurrecy is a net positive to humanity, even if the technologies behind it may currently be more wasteful and make the lives of criminals a bit easier. There is simply no alternative for a lot of honest people in financial dead-ends the government can't or won't help. Thank you Satoshi and anyone who works to support this technology for making the world a slightly better place.

Psychoshy_bc1q 4y ago

HN is flooded with overprivileged richkids with no connection to reality

hnbad 4y ago
I mean yeah but that describes a vast amount of cryptobros (or at least the more successful ones rather than the ones left holding the bag).
- RestlessMind 3y ago
  But vast amount cryptobros being idiots doesn't make crypto itself useless. Similar to how there are a vast amount of AI/GPT-bros who are going to annoy us for the next few years, while AI itself is still very cool and beneficial.