11–20 of 203 posts
My typical workflow on HN when I see the paid content block/popup on a destination website: 1) Go back 2) Open HN comments 3) Find archive.org or outline.com link 4) Read the content
Earlier quoted context omitted.
Since when have you been waiting? What will you do in twenty years if it hasn't burst by then? And in forty? Continue to wait?
There's not a single problem it solves. A technical solution in search of a problem is a hilariously poor investment, esp when any distributed system will do the same work - but better. And all the "value" stuff on it like NFTs is just a giant ponzi scheme from any way you look at it.
I can't wait for this bubble to burst so I never have to hear about these tulips again.
We've been having rolling blackouts recently because of these fuckers. Energy is cheap in my country and they use that. Power lines are not built for that sort of thing. The normal paying consumers are suffering as a result.
I can't wait for this bubble to burst so I never have to hear about these tulips again.
The number of rubes you could convince about tulips in Amsterdam was finite, but on the Internet...
Earlier quoted context omitted.
Since when have you been waiting? What will you do in twenty years if it hasn't burst by then? And in forty? Continue to wait?
There's not a single problem it solves. A technical solution in search of a problem is a hilariously poor investment, esp when any distributed system will do the same work - but better. And all the "value" stuff on it like NFTs is just a giant ponzi scheme from any way you look at it.
It has less regulation than the official channels. Can have better privacy. Can be cheaper. Can be faster. Compared to Western Union, international wire transfers and the likes, sending money home for foreign workers (remittance), seems to be much better with Stellar, or other low-fee crypto currencies.
Maybe one more problem that it solves: I bought some crypto early on as a hedge against global politics going to shit (US, Russia or China going into proxy wars) or economics taking a dive (and governments/central banks deciding to devaluate, ...).
I totally agree with you on NFT's though. And I don't like the speculation/gambling aspect of crypto currencies.
Earlier quoted context omitted.
There's not a single problem it solves. A technical solution in search of a problem is a hilariously poor investment, esp when any distributed system will do the same work - but better. And all the "value" stuff on it like NFTs is just a giant ponzi scheme from any way you look at it.
I do think there is at least one problem that crypto currencies solve better than the status-quo: sending money internationally. It has less regulation than the official channels. Can have better privacy. Can be cheaper. Can be faster. Compared to Western Union, international wire transfers and the likes, sending money home for foreign workers (remittance), seems to be much better with Stellar, or other low-fee crypt…
Earlier quoted context omitted.
There's not a single problem it solves. A technical solution in search of a problem is a hilariously poor investment, esp when any distributed system will do the same work - but better. And all the "value" stuff on it like NFTs is just a giant ponzi scheme from any way you look at it.
I do think there is at least one problem that crypto currencies solve better than the status-quo: sending money internationally. It has less regulation than the official channels. Can have better privacy. Can be cheaper. Can be faster. Compared to Western Union, international wire transfers and the likes, sending money home for foreign workers (remittance), seems to be much better with Stellar, or other low-fee crypt…
Additionally, a hedge is only as good as its performance in case of a worst-case scenario. If the stock market takes a dive or war breaks out, crypto will dive just as hard - same as it had done in the past.