181–190 of 294 posts
Once again the use-case for crypto turns out to be... large scale criminality and fraud. Shocker.
or the US government is just afraid of not being able to easily track all monetary transactions legal and illegal. Big brother needs to see all in order to control all.
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I don't know what "discourse" you are talking about. I've been reading about crypto on hacker news before bitcoin hit one dollar. Other than r/buttcoin and yahoo groups, this site has been one of the most anti crypto places you can visit, to the point of being an absolute embarrassment. It has been a lesson to me about humans and intelligence since that time. Still love the place though, but I learned never to let co…
Could it be that a tech savvy community like hn largely understands the implications of, the actual utility of and can see through the hype of crypto currency? I would put my money on hn understanding crypto currency over any other community. It should probably be a red flag to true believers that hn is generally suspicious of it.
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I take issue with something about crypto "causes us to lose our minds?". Couple points: 1. At this stage of the game, there is not a lot new under the sun to discuss that is likely to alter people's opinions. I would say that I did think there were some good comments in some of the other posts about what constitutes a security by the legal definition, and helped me understand better the specific points of the SEC's a…
Which boils down to the fact that it's entirely rational to be negative about crypto. Crypto is interesting as a kind of libertarian pseudo-oppositional secular religion that flatters itself that it's edgy and non-conformist but is actually dead-centre mainstream in a capitalist culture with consistent shades of criminality dedicated to making money at any cost.
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I've certainly experienced that. Depending on the complexity of the replies, I'll either reply to everyone or choose one of them to respond to.
Yeah I’ve experienced it myself, and am aware that I am often on the other side too… It’s debilitating to have people throwing their 2c in to a growing tree thread and bounce! At least with linear vbulletin forums of old people would have to scroll past the conversation or look like idiots when they reply something totally out of context.
> At least with linear vbulletin forums of old people would have to scroll past the conversation or look like idiots when they reply something totally out of context.
Alternatively, they'd recreate threads via extensive quoting, leading to massive in-line quote trees... Socializing is a messy affair no matter what we do, I guess.
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Could it be that a tech savvy community like hn largely understands the implications of, the actual utility of and can see through the hype of crypto currency? I would put my money on hn understanding crypto currency over any other community. It should probably be a red flag to true believers that hn is generally suspicious of it.
Imo, it's the opposite. I just think HN's anti-crypto sentiment just hows how "normie" this community is.
What community that wouldn't have confirmation bias would understand crypto currency better? And what are their thoughts on it?
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“a” use case that is indistinguishable and unquantifiable from use cases you respect which is a major difference from “the” use case and just a use case for that company, which in any other industry we would talk about the company’s behavior not the entire asset class and industry, I find it disingenuous to have that “use case” auto reply on any article that happens to be about crypto but is really about a company
That was an "ok" argument maybe 5-8 years ago, now there's too much evidence that no legitimate use case exists, and every alleged one turns out to be a fraud or a get-rich-quick scheme.
If no useless speculation scheme has ever thrived as long and as much as BTC, and it keeps on going, at what point do you have to ask if your opinion just doesn't fit with reality?
The shady exchanges and shitcoins muddy the waters but have fundamentally nothing to do with BTC and a handful of other top cryptos.
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By that revisionist version of events, every other bank should also have failed by now.
The government created a special guarantee for all depositors precisely to prevent runs on banks. JP Morgan was granted a special waiver to buy FRB. It’s pretty obvious that what happened was that SVB and FRB management teams were set up as scapegoats to save face while the government worked in the background to halt the sector from unwinding. I happen to agree that this was the right thing to do.
The management of SVB and FRB gambled and lost. They have no one to blame but themselves. Events that followed seemed like reasonable steps to take to clean up their mess.
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The problem IMHO is that it is so well-known that HN hates crypto that anyone who wants to voice a reasonable opinion is likely to avoid doing so in order to not get piled on with downvotes, hatred, etc. - At least for me that's it, it would be stressful to deal with that so I go elsewhere to discuss the technology. And this is probably precisely how an echo chamber can be created even without recommendation algorith…
> anyone who wants to voice a reasonable opinion is likely to avoid doing so in order to not get piled on with downvotes, hatred, etc I think refraining from posting due to fear of downvotes is a massive disservice to HN. People should be exposed to views of all kinds. It wouldn't be very interesting if we all agreed. I actively try to post and reply even when downvoted. In the course of doing so I often discover tha…
I'm not going to evangelize for seeing other positions, when the majority seems to prefer one-sided views.
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Could it be that a tech savvy community like hn largely understands the implications of, the actual utility of and can see through the hype of crypto currency? I would put my money on hn understanding crypto currency over any other community. It should probably be a red flag to true believers that hn is generally suspicious of it.
Imo, it's the opposite. I just think HN's anti-crypto sentiment just hows how "normie" this community is.
The "anti-crypto sentiment" that was the unwavering average sentiment on HN is, to me, a point of pride, and I'm thankful for it, because it inoculated me when I was most vulnerable - early on, where it wasn't obvious yet what type of people are promoting crypto and for what reasons.
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I don't know what "discourse" you are talking about. I've been reading about crypto on hacker news before bitcoin hit one dollar. Other than r/buttcoin and yahoo groups, this site has been one of the most anti crypto places you can visit, to the point of being an absolute embarrassment. It has been a lesson to me about humans and intelligence since that time. Still love the place though, but I learned never to let co…
I'm convinced if the internet was created today, most of HN would be faxing each other, decrying it as a scammers wasteland and useless technology..
It's a sobering moment when you realize that a lot of tech is actually net negative to you - not the least because it outsourced to you the work that previously was done, much more efficiently, by specialized labor.