4 ms·

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.
    - ESTheComposer 3y ago
      > Very plainly, you're risking normal money on a venture that doesn't promote anything other than greed and black market transactions. You could quite say the same about any privacy or encryption or really anything that protects you from a centralized entity taking your rights/property. It’s a bit absurd that people are really that blind that they think this is all there is to crypto. Your same logic would apply to dollars in that case as well.
      - smoldesu 3y ago
        I could say the same about privacy or encryption. It's probably why the average person doesn't care about either of those things when pressed. Ideologically I'm not opposed to Bitcoin or the idea of it existing for the base it serves. It's too volatile to suggest for serious investment though, and it's reached an uncomfortable echelon of "nerd joke gone too far" for my taste. Real people do not need to waste life-hours learning about this when their local government invests in a clear and immediately fungible form of currency for them already. Investors should not be wasting life-hours learning about a perpetually-irrational investment when other industries are both safer investments and arguably more innovative. > Your same logic would apply to dollars in that case as well. It would, mostly. Most people who oppose the online adoption of crypto probably object to the same level of microtransaction in any currency.
      - guappa 3y ago
        How do bitcoins protect you from centralization when they are mostly used via coinbase and the likes?
    - iSnow 3y ago
      I don't believe for a second that Bitcoin or any other DLT will be the world's reserve currency. But the amount of hubris and preoccupation about this here on HN is really something else. I've long learned not to try to engage in any kind of serious discussion about possible interesting aspects.
      - smoldesu 3y ago
democracy 3y ago
Crypto failed to deliver in any area and it is still a solution in search of a problem. The only real use-case is is money transfer to/from sanctioned countries and other dark markets - not that much of a "bleeding-edge" technology we are enthusiastic about )))

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.
  - ESTheComposer 3y ago
    > Very plainly, you're risking normal money on a venture that doesn't promote anything other than greed and black market transactions. You could quite say the same about any privacy or encryption or really anything that protects you from a centralized entity taking your rights/property. It’s a bit absurd that people are really that blind that they think this is all there is to crypto. Your same logic would apply to dollars in that case as well.
    - smoldesu 3y ago
      I could say the same about privacy or encryption. It's probably why the average person doesn't care about either of those things when pressed. Ideologically I'm not opposed to Bitcoin or the idea of it existing for the base it serves. It's too volatile to suggest for serious investment though, and it's reached an uncomfortable echelon of "nerd joke gone too far" for my taste. Real people do not need to waste life-hours learning about this when their local government invests in a clear and immediately fungible form of currency for them already. Investors should not be wasting life-hours learning about a perpetually-irrational investment when other industries are both safer investments and arguably more innovative. > Your same logic would apply to dollars in that case as well. It would, mostly. Most people who oppose the online adoption of crypto probably object to the same level of microtransaction in any currency.
    - guappa 3y ago
      How do bitcoins protect you from centralization when they are mostly used via coinbase and the likes?
  - iSnow 3y ago
    I don't believe for a second that Bitcoin or any other DLT will be the world's reserve currency. But the amount of hubris and preoccupation about this here on HN is really something else. I've long learned not to try to engage in any kind of serious discussion about possible interesting aspects.
    - smoldesu 3y ago

democracy 3y ago

Crypto failed to deliver in any area and it is still a solution in search of a problem. The only real use-case is is money transfer to/from sanctioned countries and other dark markets - not that much of a "bleeding-edge" technology we are enthusiastic about )))