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Comment by drog | Hacker News Reader

Why is this post so downvoted? It seems that antigovernment sentiment is not popular here

It’s not only that but also all that “crypto is not technologically interesting and it’s just Ponzi scheme!”.

There are so many interesting and unique things there. You can mix cryptography, finance, etc. into endless amount of protocols.

Here is some interesting ideas in crypto: decentralized stable coin (dai), automatic market makers (uniswap), zero knowledge rollups, dns that you actually own and not rent, p2p prediction markets, automatic borrowing, algorithmic stable coins without peg and so on and so forth.

And there is always something new.

I think blockchain is essential building block of the future free web.(at least stuff like dns)

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> Why is this post so downvoted?

Oddly, HN is over all rather closed minded about cryptocurrencies/blockchain. I can understand being jaded at all the bitcoin maximalist out there that are frankly ignorant or even just being generally weary about the idea of such currencies... but it seems like the general sentiment is very negative in almost every thread with very minimal understanding of cryptocurrencies or frankly currencies in general.

Shame, tbh. I wish there was better discussion on the topic. Blockchain is very cool, even if you don't believe bitcoin is replacing your dollars ever.

At this point, I don't even care about Bitcoin anymore. It serves no purpose. I don't even care about cryptocurrencies as such.

But the ideas popping out from these fields are just so darn exciting. DeFi makes all these complex financial instruments that were previously the sole purview of big banks accessible to anyone.

And we're barely scratching the surface with NFTs and DAOs.

I think it's exciting too, but I'm also a little weary of making these complex financial instruments more prevalent. I see more of a downside to the increase in these instruments overall. Still fascinating to watch unfold though.

I see the downside as well, but all the same, I'd be happy if I can own the rewards and the risk. If I go broke because of experimenting with this stuff, I'll be okay with it - it's my money, my mistakes.

Lots of people went broke in 2008 because of their bankers' mistakes.

It strikes at the heart of ownership and responsibility and I can't understand why HN isn't bullish about it. Everyone here loves the idea of owning their data and their hardware and their software but somehow, their money should be owned by...bankers? So they can invest it in junk and crash the market?

Doesn't make sense to me.

> dns that you actually own and not rent

Which projects are working on this? That sounds awesome

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