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People in HN are in a massive bubble; you see it with other topics too. It's nice to look here for some tech sentiment and interesting article sometimes, but fo

People in HN are in a massive bubble; you see it with other topics too. It's nice to look here for some tech sentiment and interesting article sometimes, but for most cutting edge stuff this forum is always full of naysayers.

pixelpoet 3y ago
I've learnt not to talk about crypto or computer graphics (?!) here, so much vitriol.
- codetrotter 3y ago
  > computer graphics That’s a shame :( computer graphics is a very interesting topic and I always love to read things about it
- deleted 3y ago
  [deleted]
miohtama 3y ago
A lot of people in software industry have tendency to reflexive negativity*, as people selected to become software developer often have a tendency to seeing things in their own limited scope, and not the in the scope of others. https://www.linkedin.com/pulse/reflexive-negativity-jess-maccallum/ https://www.linkedin.com/pulse/reflexive-negativity-jess-mac...
rvz 3y ago
Well, HN is so deep in their own reality distortion bubble that they are still not noticing that "AGI" is actually about lining some-else's pockets over a sci-fi dream sold to them through hype after trampling over laws and regulations. Those on HN who believed that such a complete ban on crypto was feasible were always delusional. The cat is out of the bag for both AI and crypto, but in the end, the legal system always gets them to pay up and the regulators for both AI or crypto will get them as well. No escaping that.
dgreensp 3y ago
People who aren’t in the tech/VC or crypto echo chambers can see that it’s (still) overhyped and mostly scams. They don’t really care or have more positive sentiment than HN.
- ESTheComposer 3y ago
  Ok and from my anecdotal experience the opposite is true, so I guess we're at a crossroads here. Either way doesn't have bearing on how HN views crypto
  - dgreensp 3y ago
    Well the claim is that if HN isn’t bullish on crypto in 2024 it must be inside a strange “negativity bubble.”
    - ESTheComposer 3y ago
      There's a difference between being bearish and being fully anti crypto and just spreading conjecture. Being bearish is very normal, being rabidly anti crypto on every crypto thread on HN like a couple folks who are in this very thread is being in a bubble.
      - smoldesu 3y ago
        Some people are just like that. The same thing happens on the other side of the fence alarmingly often, where someone will claim Bitcoin is the second coming of Christ and sell their home before knowing basic technical details about the network. Or people who fully understand the system, and deliberately lie about a coin's functionality for petty gain. On either side there are people promoting altruistic regulation and acceleration, but at a larger scale we're mostly describing greedy businesses (on either side) and... put politely, "government dissidents". So, as is the case with any meaningful investment, you have to ask "cui bono?" with cryptocurrency. Very plainly, you're risking normal money on a venture that doesn't promote anything other than greed and black market transactions. The hackers on this site will oppose it in favor of information freedom and a less money-influenced internet, and the greedy bastards will oppose it because they'd prefer one party owns everything from the start. It's a nuanced situation with lots of different people, good-faith or not, who will oppose or support cryptocurrency for the wrong or right reasons. It's straightforward and non-predatory to say that most people are better off keeping their pay-stub out of the alternative currency market.
npoc 3y ago
There's a fair amount of ill-placed arrogance. It seems that the majority on this board confidently and incorrectly believe that they know all there really is to know about bitcoin. Essentially that it's a scam that wastes energy. If you try to help them understand, you're generally attacked as if you are shill, and then they continue along in their ignorant bubble. It's a shame, but their attitude isn't conducive to me losing any sleep. You buy bitcoin at the price you deserve.
- moose_man 3y ago
  It's not arrogance and not just that it is scammy or wasteful to the environment. Bitcoin is another mechanism the increases inequality. I think Bitcoin is one of the many way that the economy is rigged against economically insecure retail investors. The more money that gets funneled from the middle class into Michael Saylor and crew's pocket the closer it brings us to civil war. Checkout End Times: Elites, Counter-Elites, and the Path of Political Disintegration by Peter Turchin https://www.amazon.com/End-Times-Counter-Elites-Political-Disintegration/dp/0593490509 https://www.amazon.com/End-Times-Counter-Elites-Political-Di...
  - npoc 3y ago
    Ironically this is exactly what bitcoin fixes. Fiat currency is the main cause of these issues (look up the Cantillon effect as an example). It's a cancer on the world, slowly destroying it. I highly recommend reading "The Creature from Jekyll Island" which explains everything that's wrong with central banking/fiat currencies and will help you understand the devastating effect it is having on the world. Sure, there is a transfer of wealth while bitcoin is monetizing. But you buy bitcoin at the price you deserve. Michael Saylor deserves everything he's going to get. He's a visionary with balls of steel - he's laid it all on the line. If you try to avoid making bitcoin whales richer by not buying bitcoin, you'll simply be cutting off your nose to spite your face.
- smoldesu 3y ago
  Bitcoin itself is a scam that wastes energy. Without custodial ownership, scam transactions are resolved no different than legitimate ones. Without diligent regulation, Bitcoin's power usage can easily balloon beyond what any single institution would consider appropriate. Both of those things are demonstrably true, and providing Bitcoin ETFs via regulated exchanges changes neither one.
democracy 3y ago
First of all there never was anything "cutting edge". It was a nice prototype of p2p application for large and slow decentralized payments - a very niche thing for very niche audience with a questionable mechanism in the form of Proof-of-work. But at least the argument of "unregulated currency" made sense to regular folk. The get-rich-quick hype that followed killed any reason or logic in this area. The following NFTs was a joke even to those who believed in the "next currency" idea. The following ideas of pyramids that mint you money while you stake your coins (I think) got even the most gullible ones reject it )))

pixelpoet 3y ago

I've learnt not to talk about crypto or computer graphics (?!) here, so much vitriol.

codetrotter 3y ago
> computer graphics That’s a shame :( computer graphics is a very interesting topic and I always love to read things about it
deleted 3y ago
[deleted]

miohtama 3y ago

A lot of people in software industry have tendency to reflexive negativity*, as people selected to become software developer often have a tendency to seeing things in their own limited scope, and not the in the scope of others. https://www.linkedin.com/pulse/reflexive-negativity-jess-maccallum/ https://www.linkedin.com/pulse/reflexive-negativity-jess-mac...

rvz 3y ago

Well, HN is so deep in their own reality distortion bubble that they are still not noticing that "AGI" is actually about lining some-else's pockets over a sci-fi dream sold to them through hype after trampling over laws and regulations. Those on HN who believed that such a complete ban on crypto was feasible were always delusional. The cat is out of the bag for both AI and crypto, but in the end, the legal system always gets them to pay up and the regulators for both AI or crypto will get them as well. No escaping that.

dgreensp 3y ago

People who aren’t in the tech/VC or crypto echo chambers can see that it’s (still) overhyped and mostly scams. They don’t really care or have more positive sentiment than HN.

ESTheComposer 3y ago
Ok and from my anecdotal experience the opposite is true, so I guess we're at a crossroads here. Either way doesn't have bearing on how HN views crypto
- dgreensp 3y ago
  Well the claim is that if HN isn’t bullish on crypto in 2024 it must be inside a strange “negativity bubble.”
  - ESTheComposer 3y ago
    There's a difference between being bearish and being fully anti crypto and just spreading conjecture. Being bearish is very normal, being rabidly anti crypto on every crypto thread on HN like a couple folks who are in this very thread is being in a bubble.
    - smoldesu 3y ago
      Some people are just like that. The same thing happens on the other side of the fence alarmingly often, where someone will claim Bitcoin is the second coming of Christ and sell their home before knowing basic technical details about the network. Or people who fully understand the system, and deliberately lie about a coin's functionality for petty gain. On either side there are people promoting altruistic regulation and acceleration, but at a larger scale we're mostly describing greedy businesses (on either side) and... put politely, "government dissidents". So, as is the case with any meaningful investment, you have to ask "cui bono?" with cryptocurrency. Very plainly, you're risking normal money on a venture that doesn't promote anything other than greed and black market transactions. The hackers on this site will oppose it in favor of information freedom and a less money-influenced internet, and the greedy bastards will oppose it because they'd prefer one party owns everything from the start. It's a nuanced situation with lots of different people, good-faith or not, who will oppose or support cryptocurrency for the wrong or right reasons. It's straightforward and non-predatory to say that most people are better off keeping their pay-stub out of the alternative currency market.

npoc 3y ago

There's a fair amount of ill-placed arrogance. It seems that the majority on this board confidently and incorrectly believe that they know all there really is to know about bitcoin. Essentially that it's a scam that wastes energy. If you try to help them understand, you're generally attacked as if you are shill, and then they continue along in their ignorant bubble. It's a shame, but their attitude isn't conducive to me losing any sleep. You buy bitcoin at the price you deserve.

moose_man 3y ago
It's not arrogance and not just that it is scammy or wasteful to the environment. Bitcoin is another mechanism the increases inequality. I think Bitcoin is one of the many way that the economy is rigged against economically insecure retail investors. The more money that gets funneled from the middle class into Michael Saylor and crew's pocket the closer it brings us to civil war. Checkout End Times: Elites, Counter-Elites, and the Path of Political Disintegration by Peter Turchin https://www.amazon.com/End-Times-Counter-Elites-Political-Disintegration/dp/0593490509 https://www.amazon.com/End-Times-Counter-Elites-Political-Di...
- npoc 3y ago
  Ironically this is exactly what bitcoin fixes. Fiat currency is the main cause of these issues (look up the Cantillon effect as an example). It's a cancer on the world, slowly destroying it. I highly recommend reading "The Creature from Jekyll Island" which explains everything that's wrong with central banking/fiat currencies and will help you understand the devastating effect it is having on the world. Sure, there is a transfer of wealth while bitcoin is monetizing. But you buy bitcoin at the price you deserve. Michael Saylor deserves everything he's going to get. He's a visionary with balls of steel - he's laid it all on the line. If you try to avoid making bitcoin whales richer by not buying bitcoin, you'll simply be cutting off your nose to spite your face.
smoldesu 3y ago
Bitcoin itself is a scam that wastes energy. Without custodial ownership, scam transactions are resolved no different than legitimate ones. Without diligent regulation, Bitcoin's power usage can easily balloon beyond what any single institution would consider appropriate. Both of those things are demonstrably true, and providing Bitcoin ETFs via regulated exchanges changes neither one.

democracy 3y ago

First of all there never was anything "cutting edge". It was a nice prototype of p2p application for large and slow decentralized payments - a very niche thing for very niche audience with a questionable mechanism in the form of Proof-of-work. But at least the argument of "unregulated currency" made sense to regular folk. The get-rich-quick hype that followed killed any reason or logic in this area. The following NFTs was a joke even to those who believed in the "next currency" idea. The following ideas of pyramids that mint you money while you stake your coins (I think) got even the most gullible ones reject it )))