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I remember when bitcoin post appeared first on HN. It was trending and lot of people were curious about technical details and people joking about viability as c

I remember when bitcoin post appeared first on HN. It was trending and lot of people were curious about technical details and people joking about viability as currency. I even started mining for a brief time on work desktop which I had to uninstall immediately of course.

celticninja 1y ago
Yeah I remember the white paper being posted in 2009, took another 2 years before I got into bitcoin. The reason I know bitcoin has hit the mainstream and isn't going anywhere is in sort due to HN. This bubble has spurred zero posts as far as I can tell, or zero that gained any traction. In part this is because there is nothing new to discuss. But in the past there was nothing new either, but it gained traction because of the numbers of comments. Now I guess the naysayers have moved on the criticism of AI and the defenders don't feel like it needs defending anymore. Welcome to the new asset class.
- diggan 1y ago
  > This bubble has spurred zero posts as far as I can tell, or zero that gained any traction. ... Did you look? Quick search turns up a bunch of stories that were on the frontpage: https://hn.algolia.com/?dateRange=pastYear&page=0&prefix=false&query=bitcoin&sort=byPopularity&type=story https://hn.algolia.com/?dateRange=pastYear&page=0&prefix=fal... > But in the past there was nothing new either, but it gained traction because of the numbers of comments. That's the opposite of how things are ranked on HN. Submissions with more comments than votes are being pushed down the frontpage, not up.
  - celticninja 1y ago
    2 posts on that page are less than 6 months old and they are both posts of the same thing.
    - diggan 1y ago
      All of them are less than 12 months old, and most of the results on the first search page been at one point on the frontpage. Another search, limiting it to >50 points (so passed through the frontpage at one point) and within the last 12 months, showing ~26 results: https://hn.algolia.com/?dateRange=pastYear&page=0&prefix=true&query=bitcoin%20points%3E50&sort=byPopularity&type=story https://hn.algolia.com/?dateRange=pastYear&page=0&prefix=tru...
    - clippyplz 1y ago
      What? No, there are over 300 results when filtering by "last 6 months".
      - celticninja 1y ago
        Maybe I'm spending less time here then. Not necessarily a bad thing
- AlexandrB 1y ago
  > Welcome to the new asset class. Wasn't it supposed to be a currency people would buy stuff with that would eventually replace "fiat"? What happened to that?
  - wmf 1y ago
    That never made sense so it didn't happen.
    - celticninja 1y ago
      It did make sense for quite a while..I bought and sold stuff online and between 2011 and 2015/16 it was easier and cheaper to pay Chinese suppliers in bitcoin than trying to send international transfers. Think 20p a transaction Vs £25 flat fee for an international bank transfer. It did make sense and it did happen. However it has now evolved into another asset rather than a currency.

celticninja 1y ago

Yeah I remember the white paper being posted in 2009, took another 2 years before I got into bitcoin. The reason I know bitcoin has hit the mainstream and isn't going anywhere is in sort due to HN. This bubble has spurred zero posts as far as I can tell, or zero that gained any traction. In part this is because there is nothing new to discuss. But in the past there was nothing new either, but it gained traction because of the numbers of comments. Now I guess the naysayers have moved on the criticism of AI and the defenders don't feel like it needs defending anymore. Welcome to the new asset class.

diggan 1y ago
> This bubble has spurred zero posts as far as I can tell, or zero that gained any traction. ... Did you look? Quick search turns up a bunch of stories that were on the frontpage: https://hn.algolia.com/?dateRange=pastYear&page=0&prefix=false&query=bitcoin&sort=byPopularity&type=story https://hn.algolia.com/?dateRange=pastYear&page=0&prefix=fal... > But in the past there was nothing new either, but it gained traction because of the numbers of comments. That's the opposite of how things are ranked on HN. Submissions with more comments than votes are being pushed down the frontpage, not up.
- celticninja 1y ago
  2 posts on that page are less than 6 months old and they are both posts of the same thing.
  - diggan 1y ago
    All of them are less than 12 months old, and most of the results on the first search page been at one point on the frontpage. Another search, limiting it to >50 points (so passed through the frontpage at one point) and within the last 12 months, showing ~26 results: https://hn.algolia.com/?dateRange=pastYear&page=0&prefix=true&query=bitcoin%20points%3E50&sort=byPopularity&type=story https://hn.algolia.com/?dateRange=pastYear&page=0&prefix=tru...
  - clippyplz 1y ago
    What? No, there are over 300 results when filtering by "last 6 months".
    - celticninja 1y ago
      Maybe I'm spending less time here then. Not necessarily a bad thing
AlexandrB 1y ago
> Welcome to the new asset class. Wasn't it supposed to be a currency people would buy stuff with that would eventually replace "fiat"? What happened to that?
- wmf 1y ago
  That never made sense so it didn't happen.
  - celticninja 1y ago
    It did make sense for quite a while..I bought and sold stuff online and between 2011 and 2015/16 it was easier and cheaper to pay Chinese suppliers in bitcoin than trying to send international transfers. Think 20p a transaction Vs £25 flat fee for an international bank transfer. It did make sense and it did happen. However it has now evolved into another asset rather than a currency.