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Ask HN: What is the HN of Cryptocurrency?

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Re: Ask HN: What is the HN of Cryptocurrency?

#61

Post by [deleted] »

dabrot wrote: post #57
subhro wrote: post #52

Earlier quoted context omitted.

> People are so dismissive and set that blockchain is a scam I have never heard/read anyone on HN saying blockchain is a scam. Blockchain is a mathematical construct. If anyone says blockchain is a scam, he/she/they may as well say addition is a scam, so is subtraction. What IS scam, in my opinion, is the ability to exchange crypto currency for tangible and non abstract products that has a meaningful value in day to…

> Crypto is not backed by any real assets As is fiat money.

[deleted]

Re: Ask HN: What is the HN of Cryptocurrency?

#62

Post by bawana »

dabrot wrote: post #57
subhro wrote: post #52

Earlier quoted context omitted.

> People are so dismissive and set that blockchain is a scam I have never heard/read anyone on HN saying blockchain is a scam. Blockchain is a mathematical construct. If anyone says blockchain is a scam, he/she/they may as well say addition is a scam, so is subtraction. What IS scam, in my opinion, is the ability to exchange crypto currency for tangible and non abstract products that has a meaningful value in day to…

> Crypto is not backed by any real assets As is fiat money.

Fiat money is backed by the fear of gratuitous violence from the military of its nation.

Re: Ask HN: What is the HN of Cryptocurrency?

#63

Post by namdnay »

cle wrote: post #26
namdnay wrote: post #5

HN is extremely skeptical about everything , because being skeptical about unproven things is a pretty important part of being an engineer

This is something I struggle with personally, because over the years I've trained my brain to look for weaknesses and reasons to say "no". It drives my wife nuts, because she sees it as being pessimistic about everything. To some extent it is, because I can very easily rattle off lists of "why that won't work" or "what's wrong with that", but it's a challenge for me to come up with lists of "why that would work". So…

On the plus side, if you ever move to France, you'll fit right in!

Re: Ask HN: What is the HN of Cryptocurrency?

#64

Post by long_time_gone »

ceilingcorner wrote: post #47
long_time_gone wrote: post #45

Earlier quoted context omitted.

I have not had the same experience. You admit that you don't read them anymore, maybe they have changed?

It was a figure of speech. I still click on the links and scan the comments. The recent links about Ethereum and the large hack were prime examples. There is an extreme undercurrent of skepticism that only gets somewhat masked by HN’s culture of writing critical comments in a roundabout intellectual way. There are also a huge number of low effort hostile ones that seem like Reddit overflow. I should add that this is…

I'm not sure what you mean about the Etherium news, without the specific post it's hard to discuss it.

Either way, I find crypto to be difficult to discuss online, in general. Mostly because there seems to be fanatics on both sides. You seem to notice more the ones on the "anti" side, I see plenty on the "pro" side. Not to mention the wrinkle where many people who were early adopters believed in it as an actual currency. Today, many of the "pro" comments I read seem to view it as an investment (i.e. phrases like "hodl").

Re: Ask HN: What is the HN of Cryptocurrency?

#65

Post by xboxnolifes »

oauea wrote: post #49
mhluongo wrote: post #34

Earlier quoted context omitted.

Quite a condemnation that HN can't beat 280 character tweets on this topic, eh?

The topic of cryptocurrency scams? Don't need to a waste a lot of words on that thankfully :-)

This is what OP means.

Re: Ask HN: What is the HN of Cryptocurrency?

#66

Post by abetusk »

oauea wrote: post #21
navd wrote: post #3

Pretty much Twitter at this point for me. There's too much pessimism on HN when it comes to crypto. I appreciate criticism but Twitter has all the deep thinkers

Ah yes those 280 character tweets lend themselves extremely well to deep thought.

    $ echo 'Ah yes those 280 character tweets lend themselves extremely well to deep thought.' | wc 
          1      13      82

Re: Ask HN: What is the HN of Cryptocurrency?

#67

Post by oauea »

astoor wrote: post #32
namdnay wrote: post #5

HN is extremely skeptical about everything , because being skeptical about unproven things is a pretty important part of being an engineer

HNers are often skeptical of all new unproven technology, but have a begrudging acceptance of established and proven technology. The thing with cryptocurrency is that it has now been around for over a decade, and not delivered on any of its ever evolving promises in that time. As a result, most knowledgeable and impartial observers would say it has fundamental flaws that it will prevent it from ever being able to do…

> they were just interested in convincing enough people that it was possible for long enough to get rich quickly.

A million times this. I used to be a huge bitcoin fan in the early days. It's become obvious that it's failed and will never be a usable currency. Now it's just destroying the environment as a get-rich-quick scheme for unscrupulous people.

Re: Ask HN: What is the HN of Cryptocurrency?

#68

Post by oauea »

abetusk wrote: post #66
oauea wrote: post #21

Earlier quoted context omitted.

Ah yes those 280 character tweets lend themselves extremely well to deep thought.

$ echo 'Ah yes those 280 character tweets lend themselves extremely well to deep thought.' | wc 1 13 82

Yes, I could've tweeted that. What's your point? Are you convinced my comment was an attempt at deep thought? I guess on twitter it might've been considered as such?

Re: Ask HN: What is the HN of Cryptocurrency?

#69

Post by deevolution »

HN is full of disgruntled haters. There are lots of DAOs that discuss crypto. I recently joined the FWB DAO https://www.fwb.help/ which has a pretty vibrant community. The one caveat is that you need to prove you own 75 FWB tokens to gain access (subject to change based on a seasonal community vote). The benefit is that it keeps spammers out. Generally the discussions and community members have been pretty high quality.
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