Hacker News Reader

Comment by RurouniK | Hacker News Reader

Apparently when retail investors win it's "Manipulative trading activity"... I'm so glad Bitcoin and DeFi was invented in my lifetime and I can be protected by maths and computer science instead of a three letter agency.

View on HN

Yeah that’s nice, so at least you can be involved in something where there is no doubt of large scale unfettered manipulation. I guess that certainty is a plus for some.

Do you have any proof of that large scale unfettered manipulation other than some random posts from salty boomers like yourself?

I thought the “beauty” of Bitcoin is that it is free.. unshackled, unregulated. So in your mind how is that not an open invitation for powerful and well funded interests to manipulate it? I think the simpler question is why wouldn’t it be manipulated?

Yea, unfortunately they isn't really the case right now as cash is still king and crypto is another gamble. Not to mention, who do you think could buy better hardware? Us or them?

There isn't really such thing as decentralized. Its just the authority gets shifted around but the same issues can still show up.

Crypto is a technology not a gamble. It attracts gamblers but it's a technology and it's already 12 years old. I could say that an open decentralized permissionless network that has moved trillions of dollars for the last 12 years is resilient enough for me.

You could say the exact same thing about the US stock market, except it's moved orders of magnitude more money.

The risk may not be in the same spots as traditional markets, but it's there. Return doesn't come without risk, it comes because of the risk.

The US stock market is an institution run by suits not a technology. I mean boomers like you might think that the internet and usps are the same thing because they both move messages around but they are not.

Reply on news.ycombinator.com