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Comment by glerk | Hacker News Reader

I’m always amazed by these negative knee-jerk reactions whenever cryptocurrencies are discussed here. What pleasure do you get from berating other people for their hobby? It’s like commenting in a thread about an emacs plugin just to shit on emacs and its users because you prefer another IDE. I see no other explanation for this behavior than sour grapes.

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One of those things is a text editor and the other involves extremely risky unregulated investments that some people have lost enormous amounts of money through.

Bitcoin investors have certainly lost less money per capita than /r/wallstreetbets has lost on options trading. Regulation doesn't have much to do with it.

The existence of other, bigger suckers does not prove that anyone else is not a sucker.

Both types of trading (crypto and public market) are gambling. The difference is that some public securities have intrinsic value (dividends and voting rights), whereas crypto mostly doesn't.

I get pleasure from warning people away from spaces that are filled with scammers and criminals that might try to fool them out of their money.

If bitcoin only were silly technologists playing around with pie-in-the-sky software projects, that would be one thing. But people's money is being stolen. Lives are being ruined, for real. Real people suffer because of this technology, and criminals prosper.

That is an objective evil. The sooner bitcoin dies, the better for humanity.

Knight in shining armor complex much?

No, I just hate people who trick others out of money, like literally any decent human being.

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