Because so many folks here missed out on crypto and speaking badly about it makes them feel better for having to continue to work for the next 30-40 years because they didn't buy early.
Ask HN: Why do negative crypto articles dominate on HN?
131–140 of 151 posts
Re: Ask HN: Why do negative crypto articles dominate on HN?
#132Because crypto hasn't proven itself. I won't fight your battles for you. Call me when I can buy coffee at my local diner with crypto.
still can
Re: Ask HN: Why do negative crypto articles dominate on HN?
#133Because so many folks here missed out on crypto and speaking badly about it makes them feel better for having to continue to work for the next 30-40 years because they didn't buy early.
That argument really has nothing to do with the fundamental soundness of crypto. Rather, you sound like a pump and dump scammer " get in now and become rich " basically all but confirming the viewpoint you seek to counter.
Re: Ask HN: Why do negative crypto articles dominate on HN?
#134Earlier quoted context omitted.
That argument really has nothing to do with the fundamental soundness of crypto. Rather, you sound like a pump and dump scammer " get in now and become rich " basically all but confirming the viewpoint you seek to counter.
Quite the opposite - I don't think anyone should get into crypto at this point. I made my riches long before CNBC posted a bitcoin ticker. Now it's all about NFT scams and other get rich quick schemes. Bitcoin may double from here but the risk is far greater than the reward.
Re: Ask HN: Why do negative crypto articles dominate on HN?
#135Earlier quoted context omitted.
> Or do they realize its all a fraud as well and trying to make a quick buck before the regulator's swoop in I don't know who the "they" you're referring to is, but I'm pretty sure the people who are really into NFT's actually believe in it. My guess is there's still more scammers than not, but they remind me of card traders. You can laugh at them all day, but some of those pokemon cards are worth a lot of money. I d…
Hi, thanks for responding. What do they "like" about holding an NFT? They don't own the copyright usually, and they also don't own the original. Do they like seeing their name as the owner on some website? Because we can do that with credit cards and databases and html. If the well has been poisoned already, asking someone for proof of the poisoned well seems silly when all you have to do is look in and take a whiff.…
No one else has that power to make changes to the portion of the blockchain that you own the keys to. This is the aspect of ownership that matters.
Same thing with credit cards and databases. Those are centralized databases owned and operated by a central organization. When it comes to blockchain technology, to make entries regarding the portions of the blockchain that you control, no one else can make changes to that portion of the blockchain without the keys. This is the aspect of ownership that makes digital assets ownable. The ability to control the asset that no one else who doesn't own it can.
Look, I can't speak for ownership of NFT's, but to be honest, you probably can't either. Your entering the stage with a pitchfork and torch trying to hate it before you've even tried to see what its about.
I don't think it has anything at all to do with seeing their name on some website, its about ownership.
> proof of the poisoned well seems silly when all you have to do is look in and take a whiff.
You're not making a lot of sense here. Maybe you don't know what "poisoning the well" means.
poising the well: https://en.wikipedia.org/wiki/Poisoning_the_well
> is a type of informal fallacy where adverse information about a target is preemptively presented to an audience, with the intention of discrediting or ridiculing something that the target person is about to say.
Again, we don't know that NFT's are a fraud, so to say "Or do they realize its all a fraud as well and trying to make a quick buck" asserts the question from the standpoint that they are, when we can't know that.
You are coming to the stage proclaiming the New England Patriots have won the Superbowl when the Superbowl has yet to start. That's all I'm saying. That to me sounds more like the pretzel logic.
Re: Ask HN: Why do negative crypto articles dominate on HN?
#136Earlier quoted context omitted.
Hi, thanks for responding. What do they "like" about holding an NFT? They don't own the copyright usually, and they also don't own the original. Do they like seeing their name as the owner on some website? Because we can do that with credit cards and databases and html. If the well has been poisoned already, asking someone for proof of the poisoned well seems silly when all you have to do is look in and take a whiff.…
I have never owned an NFT so I can't necessarily relate specifically on that front, but I do own bitcoin and ethereum. When it comes to ownership of digital assets/property obviously you can't own the jpeg picture, or the image, or the blockchain that hosts the information since they can be endlessly copied. But you do own the rights of the keys to make any changes regarding the objects you control to the blockchain.…
Well, that's the ideal right? The reality says otherwise for reasons I stated earlier -- which you haven't addressed yet.
So now you're arguing the low level details now and smearing your opponents intention rather than trying to make the big arguments in supportive of your point. That seems to me you have no further big arguments to support your point and are willing to go into minutae to score debate points.
Re: Ask HN: Why do negative crypto articles dominate on HN?
#137Earlier quoted context omitted.
usdc is a digital token backed by usd available on many blockchains. you can buy a few usdc tokens and pay for coffee using them seamlessly.
My coffee shop doesn't accept coins at all be it usdc or whatever. When I wave over a POS terminal, are these USDC converted to USD on the spot like a bank transaction?
> ²Coinbase will automatically convert all cryptocurrency to US Dollars for use in purchases and ATM withdrawals
https://blog.coinbase.com/coinbase-card-launches-in-the-us-8...
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can also pay in btc assuming youre okay with the conversion fee
Re: Ask HN: Why do negative crypto articles dominate on HN?
#138Earlier quoted context omitted.
Hi, thanks for responding. What do they "like" about holding an NFT? They don't own the copyright usually, and they also don't own the original. Do they like seeing their name as the owner on some website? Because we can do that with credit cards and databases and html. If the well has been poisoned already, asking someone for proof of the poisoned well seems silly when all you have to do is look in and take a whiff.…
> What do they "like" about holding an NFT? What do they like about holding Joe Montana's rookie card? Or a first-edition Charizard? Do they like having the physical card? Because we can do that with cardstock and inkjet printers. It ain't my cup of tea in any case, but it also ain't my place to judge them for it or interrogate their motivations. If they want to collect Yu-gi-oh cards or bored monkey NFTs, power to '…
So if collecting doesn't involve adding to the global warming crisis, I'd be much more okay with it.
Re: Ask HN: Why do negative crypto articles dominate on HN?
#139Earlier quoted context omitted.
I have never owned an NFT so I can't necessarily relate specifically on that front, but I do own bitcoin and ethereum. When it comes to ownership of digital assets/property obviously you can't own the jpeg picture, or the image, or the blockchain that hosts the information since they can be endlessly copied. But you do own the rights of the keys to make any changes regarding the objects you control to the blockchain.…
> No one else has that power to make changes to the portion of the blockchain that you own the keys to. This is the aspect of ownership that matters. Well, that's the ideal right? The reality says otherwise for reasons I stated earlier -- which you haven't addressed yet. So now you're arguing the low level details now and smearing your opponents intention rather than trying to make the big arguments in supportive of…
Your communications of the reasons you've stated must have not come across very well because I didn't understand them from rereading your previous comments. What were the reasons again?
Re: Ask HN: Why do negative crypto articles dominate on HN?
#140Earlier quoted context omitted.
I have never owned an NFT so I can't necessarily relate specifically on that front, but I do own bitcoin and ethereum. When it comes to ownership of digital assets/property obviously you can't own the jpeg picture, or the image, or the blockchain that hosts the information since they can be endlessly copied. But you do own the rights of the keys to make any changes regarding the objects you control to the blockchain.…
> No one else has that power to make changes to the portion of the blockchain that you own the keys to. This is the aspect of ownership that matters. Well, that's the ideal right? The reality says otherwise for reasons I stated earlier -- which you haven't addressed yet. So now you're arguing the low level details now and smearing your opponents intention rather than trying to make the big arguments in supportive of…
Where is the smear of the intention? Was it because I said you are attacking the argument from the standpoint that something is a fraud, when the argument cant be attacked from a position that it was a fraud because that's a fact we cannot know?