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Perhaps. HN also has stories of random software libraries and deep discussions of those. Whenever a mismanaged business in other sectors is discussed its only a

Perhaps. HN also has stories of random software libraries and deep discussions of those. Whenever a mismanaged business in other sectors is discussed its only about that business, not the entire sector that business operates in. Whenever a devastating hack occurs directly on an end user, its a discussion of the browser and tools that can be improved to thwart it. Crypto sector has many libraries that power it too with extremely active discussions in other tech forums, and thats totally missing from HN in favor of discussion of random mismanaged businesses and phishing attacks as representative of the entire concept of crypto. When that’s further from reality, as the tooling has improved a lot and is constantly evolving. There are many best practices that are actively discussed and worked on, elsewhere. While the crowd on HN peculiarly acts completely segregated from that with a blissful ignorance filled with glee over frauds in the crypto sector, an extremely strange and impossibly different standard then how everything else is discussed.

Zanfa 2y ago
> HN also has stories of random software libraries and deep discussions of those. Whenever a mismanaged business in other sectors is discussed its only about that business, not the entire sector that business operates in. The major difference seems to be that there doesn’t seem to be anything in the entire crypto industry that isn’t fraud or crime. And a lot of vague promises that typically turn out to be just more fraud in a year or two. It’s not prejudice if it’s true.
- yieldcrv 2y ago
  the libraries don’t have anything to do with fraud, crime, vague promises the governance proposals don’t have anything to do with fraud, crime, vague promises the software standards don’t have anything to do with fraud, crime, vague promises same for nodes, consensus mechanisms, package management, type safety, languages, operator instructions, smart contract auditing space, financial auditing and transparency space, block and transaction indexing, legislation that leverages the technology to reduce redundancy, and the list goes on its an approach and what I would expect to see on HN more often regarding the crypto asset space
  - Zanfa 2y ago
    Almost every “Show HN” that’s about a library has someone ask what the library actually does and why is it useful. If the only answer is “crpyto” and essentially all crypto is fraud, I can’t imagine why people aren’t more excited. I think vague promises is exactly how you could sum up most crypto-related libraries as well. There’s supposedly some useful usecase, but right now it only contributes to North Korean nuclear program.
    - yieldcrv 2y ago
      so, your main supposition about crypto being all fraud is inaccurate, and the standards you present apply to fields you respect as well. for example, north korean expropriation and fraud is happening across the entire tech space, even a bunch of remote roles in the US are and were filled with north koreans, hence supporting the nuclear program [1] this is a common theme I’ve seen that reinforced my perspective: the criticism applies to things the critic respects and the critic saying it doesn't seem to know that, and they also don’t seem to even be aware of other benign things in the crypto space that are working fine and fit the social contract of all participants. I don't know if thats you, but it is applicable to the responses you chose so that observation, in combination with how so many intelligent researchers and programmers take a different approach ultimately towards improving the crypto space due to its malleability, keeps me interested and confused by the unsubstantive and reductive nature of HN consensus on this one topic https://www.axios.com/2024/05/21/north-korea-it-workers-us-hiring https://www.axios.com/2024/05/21/north-korea-it-workers-us-h...
      - Zanfa 2y ago
        > so, your main supposition about crypto being all fraud is inaccurate Sure, but what are some actual generally useful non-fraud uses? I know Marc Andreesen failed to come up with a single credible one after investing billions into the industry. > for example, north korean expropriation and fraud is happening across the entire tech space, even a bunch of remote roles in the US are and were filled with north koreans, hence supporting the nuclear program The difference is again the share of North Koreans working remotely in the US tech industry vs the amount of fraud in crypto.
- RestlessMind 2y ago
  > there doesn’t seem to be anything in the entire crypto industry that isn’t fraud or crime I am downvoting you for your purely BS hyperbole. FYI, here are a few examples of what's not fraud in crypto industry. 1. Bitcoin. There are 11 BTC ETFs approved by SEC. 2. Ethereum. Many ETH ETFs are on the way to be approved 3. Stablecoins. Circle foundation issues billions of USDC and is closely affiliated with wall street and USG 4. ZK technology (pure research in many premier universities)
  - Zanfa 2y ago
    1-2. ETFs are not uses for crypto. They’re a vehicle to hold crypto, not a usecase. Blackrock doesn’t even use the blockchain and doesn’t have custody of it’s own keys. It’s a bit of an own goal as far as crypto adoption goes. 3. Tether totally has $110+B in holdings, though they’ve never produced a financial audit and they try to pass off attestations and non-financial audits as such to believers. Both times they’ve been forced to open their books, they turned out to be unbacked. Also, Circle and Tether are centralized entities who have full control of their currency and can and will censor transactions and block accounts, just like a regular bank. 4. Sure, cool, but is it actually used for anything anywhere or is that more of a “vague distraction”

Zanfa 2y ago

> HN also has stories of random software libraries and deep discussions of those. Whenever a mismanaged business in other sectors is discussed its only about that business, not the entire sector that business operates in. The major difference seems to be that there doesn’t seem to be anything in the entire crypto industry that isn’t fraud or crime. And a lot of vague promises that typically turn out to be just more fraud in a year or two. It’s not prejudice if it’s true.

yieldcrv 2y ago
the libraries don’t have anything to do with fraud, crime, vague promises the governance proposals don’t have anything to do with fraud, crime, vague promises the software standards don’t have anything to do with fraud, crime, vague promises same for nodes, consensus mechanisms, package management, type safety, languages, operator instructions, smart contract auditing space, financial auditing and transparency space, block and transaction indexing, legislation that leverages the technology to reduce redundancy, and the list goes on its an approach and what I would expect to see on HN more often regarding the crypto asset space
- Zanfa 2y ago
  Almost every “Show HN” that’s about a library has someone ask what the library actually does and why is it useful. If the only answer is “crpyto” and essentially all crypto is fraud, I can’t imagine why people aren’t more excited. I think vague promises is exactly how you could sum up most crypto-related libraries as well. There’s supposedly some useful usecase, but right now it only contributes to North Korean nuclear program.
  - yieldcrv 2y ago
    so, your main supposition about crypto being all fraud is inaccurate, and the standards you present apply to fields you respect as well. for example, north korean expropriation and fraud is happening across the entire tech space, even a bunch of remote roles in the US are and were filled with north koreans, hence supporting the nuclear program [1] this is a common theme I’ve seen that reinforced my perspective: the criticism applies to things the critic respects and the critic saying it doesn't seem to know that, and they also don’t seem to even be aware of other benign things in the crypto space that are working fine and fit the social contract of all participants. I don't know if thats you, but it is applicable to the responses you chose so that observation, in combination with how so many intelligent researchers and programmers take a different approach ultimately towards improving the crypto space due to its malleability, keeps me interested and confused by the unsubstantive and reductive nature of HN consensus on this one topic https://www.axios.com/2024/05/21/north-korea-it-workers-us-hiring https://www.axios.com/2024/05/21/north-korea-it-workers-us-h...
    - Zanfa 2y ago
      > so, your main supposition about crypto being all fraud is inaccurate Sure, but what are some actual generally useful non-fraud uses? I know Marc Andreesen failed to come up with a single credible one after investing billions into the industry. > for example, north korean expropriation and fraud is happening across the entire tech space, even a bunch of remote roles in the US are and were filled with north koreans, hence supporting the nuclear program The difference is again the share of North Koreans working remotely in the US tech industry vs the amount of fraud in crypto.
RestlessMind 2y ago
> there doesn’t seem to be anything in the entire crypto industry that isn’t fraud or crime I am downvoting you for your purely BS hyperbole. FYI, here are a few examples of what's not fraud in crypto industry. 1. Bitcoin. There are 11 BTC ETFs approved by SEC. 2. Ethereum. Many ETH ETFs are on the way to be approved 3. Stablecoins. Circle foundation issues billions of USDC and is closely affiliated with wall street and USG 4. ZK technology (pure research in many premier universities)
- Zanfa 2y ago
  1-2. ETFs are not uses for crypto. They’re a vehicle to hold crypto, not a usecase. Blackrock doesn’t even use the blockchain and doesn’t have custody of it’s own keys. It’s a bit of an own goal as far as crypto adoption goes. 3. Tether totally has $110+B in holdings, though they’ve never produced a financial audit and they try to pass off attestations and non-financial audits as such to believers. Both times they’ve been forced to open their books, they turned out to be unbacked. Also, Circle and Tether are centralized entities who have full control of their currency and can and will censor transactions and block accounts, just like a regular bank. 4. Sure, cool, but is it actually used for anything anywhere or is that more of a “vague distraction”