Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Follow the Crypto

followthecrypto.org

Post reply on HN
Print view View original

71–80 of 118 posts

Re: Follow the Crypto

#71

Post by lern_too_spel »

zarzavat wrote: post #31
lern_too_spel wrote: post #26

Earlier quoted context omitted.

Crypto has no legal business model and no road to one. AI does.

Depends on your worldview doesn’t it? For me, having a transaction system that isn’t controlled by either my own government or corporate America is useful. If it’s not useful to you then you don’t have to use it.

The rest of the people in your country don't want it because if your money is stolen, there is no way to get it back. If it's detrimental to society, I will make laws against it. That's how government works.

Re: Follow the Crypto

#72

Post by lern_too_spel »

bitnorbert wrote: post #41
lern_too_spel wrote: post #26

Earlier quoted context omitted.

Crypto has no legal business model and no road to one. AI does.

Would you say that Coinbase, listed on Nasdaq, is a criminal enterprise?

Coinbase's business model is to provide a legal service to [greater] fools playing negative sum games with each other.

Re: Follow the Crypto

#73

Post by rexpop »

curtisblaine wrote: post #60

Not american, so I don't really get it. As far as I understand, everyone spends to influence the US elections, in one direction or the other. Why is this special?

> in one direction or the other

These data exhibit a clear rightward bias.

Re: Follow the Crypto

#74

Post by eterps »

kitkat_new wrote: post #62
can16358p wrote: post #40

Earlier quoted context omitted.

This! It's unbelievable how underrated this whole view is especially in a place like HN where I'd expect more liberal people. Even this property of crypto alone is a single reason to support it, let alone all the other tech that can be built on top of it.

anarchism doesn't maximize peoples freedom

Anarchism rejects hierarchies and centralized power in favor of maximizing individual liberty.

Re: Follow the Crypto

#75

Post by curtisblaine »

pavel_lishin wrote: post #70
curtisblaine wrote: post #67

Earlier quoted context omitted.

"Free speech is for the speech you hate, not for the speech you like"

Free speech as in speech protected by the 1st amendment? That's very specifically meant to curtail the government's powers, not the powers of merchants who decline to do business with others. You could make a pretty strong argument that overly stringent regulations that result in sex workers, etc., being unable to process payments are a violation of that, but I'm not aware of why Visa/Mastercard don't support Gab & P…

They didn't, back in the days. I remember diatinctly the only way to send money to Gab / Parler was Bitcoin. Maybe now they do, but that's not very important.

Re: Follow the Crypto

#76

Post by yieldcrv »

Zanfa wrote: post #69
yieldcrv wrote: post #59

Earlier quoted context omitted.

Perhaps. HN also has stories of random software libraries and deep discussions of those. Whenever a mismanaged business in other sectors is discussed its only about that business, not the entire sector that business operates in. Whenever a devastating hack occurs directly on an end user, its a discussion of the browser and tools that can be improved to thwart it. Crypto sector has many libraries that power it too wit…

> HN also has stories of random software libraries and deep discussions of those. Whenever a mismanaged business in other sectors is discussed its only about that business, not the entire sector that business operates in. The major difference seems to be that there doesn’t seem to be anything in the entire crypto industry that isn’t fraud or crime. And a lot of vague promises that typically turn out to be just more f…

the libraries don’t have anything to do with fraud, crime, vague promises

the governance proposals don’t have anything to do with fraud, crime, vague promises

the software standards don’t have anything to do with fraud, crime, vague promises

same for nodes, consensus mechanisms, package management, type safety, languages, operator instructions, smart contract auditing space, financial auditing and transparency space, block and transaction indexing, legislation that leverages the technology to reduce redundancy, and the list goes on

its an approach and what I would expect to see on HN more often regarding the crypto asset space

Re: Follow the Crypto

#77

Post by syntaxfree »

pavel_lishin wrote: post #70
curtisblaine wrote: post #67

Earlier quoted context omitted.

"Free speech is for the speech you hate, not for the speech you like"

Free speech as in speech protected by the 1st amendment? That's very specifically meant to curtail the government's powers, not the powers of merchants who decline to do business with others. You could make a pretty strong argument that overly stringent regulations that result in sex workers, etc., being unable to process payments are a violation of that, but I'm not aware of why Visa/Mastercard don't support Gab & P…

Who said anything about amendments?

Re: Follow the Crypto

#78

Post by curtisblaine »

rexpop wrote: post #73
curtisblaine wrote: post #60

Not american, so I don't really get it. As far as I understand, everyone spends to influence the US elections, in one direction or the other. Why is this special?

> in one direction or the other These data exhibit a clear rightward bias.

Which is plausible and expected, since crypto is all about a smaller state which doesn't control money. On the contrary, most of the other players in the big tech sector exhibit a clear leftward bias. Why is crypto special? Because it's right wing? Or because it's crypto?

Re: Follow the Crypto

#79

Post by Zanfa »

yieldcrv wrote: post #76
Zanfa wrote: post #69

Earlier quoted context omitted.

> HN also has stories of random software libraries and deep discussions of those. Whenever a mismanaged business in other sectors is discussed its only about that business, not the entire sector that business operates in. The major difference seems to be that there doesn’t seem to be anything in the entire crypto industry that isn’t fraud or crime. And a lot of vague promises that typically turn out to be just more f…

the libraries don’t have anything to do with fraud, crime, vague promises the governance proposals don’t have anything to do with fraud, crime, vague promises the software standards don’t have anything to do with fraud, crime, vague promises same for nodes, consensus mechanisms, package management, type safety, languages, operator instructions, smart contract auditing space, financial auditing and transparency space,…

Almost every “Show HN” that’s about a library has someone ask what the library actually does and why is it useful. If the only answer is “crpyto” and essentially all crypto is fraud, I can’t imagine why people aren’t more excited.

I think vague promises is exactly how you could sum up most crypto-related libraries as well. There’s supposedly some useful usecase, but right now it only contributes to North Korean nuclear program.

Re: Follow the Crypto

#80

Post by yieldcrv »

Zanfa wrote: post #79
yieldcrv wrote: post #76

Earlier quoted context omitted.

the libraries don’t have anything to do with fraud, crime, vague promises the governance proposals don’t have anything to do with fraud, crime, vague promises the software standards don’t have anything to do with fraud, crime, vague promises same for nodes, consensus mechanisms, package management, type safety, languages, operator instructions, smart contract auditing space, financial auditing and transparency space,…

Almost every “Show HN” that’s about a library has someone ask what the library actually does and why is it useful. If the only answer is “crpyto” and essentially all crypto is fraud, I can’t imagine why people aren’t more excited. I think vague promises is exactly how you could sum up most crypto-related libraries as well. There’s supposedly some useful usecase, but right now it only contributes to North Korean nucle…

so, your main supposition about crypto being all fraud is inaccurate, and the standards you present apply to fields you respect as well. for example, north korean expropriation and fraud is happening across the entire tech space, even a bunch of remote roles in the US are and were filled with north koreans, hence supporting the nuclear program [1]

this is a common theme I’ve seen that reinforced my perspective: the criticism applies to things the critic respects and the critic saying it doesn't seem to know that, and they also don’t seem to even be aware of other benign things in the crypto space that are working fine and fit the social contract of all participants. I don't know if thats you, but it is applicable to the responses you chose

so that observation, in combination with how so many intelligent researchers and programmers take a different approach ultimately towards improving the crypto space due to its malleability, keeps me interested and confused by the unsubstantive and reductive nature of HN consensus on this one topic

https://www.axios.com/2024/05/21/north-korea-it-workers-us-h...

Post reply on HN