Really? It seems to have made a small group of early adopters very rich, a small group of insiders very rich, and a large group of people suckered into buying at 60k+ very poor.
I'm not really bullish or bearish on cryptocurrency, but it has a long way to go until it's something for "regular people".
I remember comments just like yours in the past 4 years who pretended like everyone got in at $20k (a price that existed for a day).
Average price over past 4 years is way below todays price. And todays price is only down due to this coordinated FUD attack.
PS— I am the only one who made a substantive comment on this thread and am being heavily down voted.
HN isn't a place of ideas, it is a place where where only a narrow, anti-human rights, ideology is tolerated.
If you really believe this then you seriously need to time off to reflect. It simply isn't true. Where is good, the bitcoin community on twitter?
Yes lots of people have made money off crypto. It's hard to say how many as I'm not aware of any research into this figure.
That doesn't negate the criticism thrown at cryptocurrencies. Criticism demonstrates playing with ideas.
Telling me I need a time out is exactly the kind of personal attack that is really just your confession that you are anti-intellectual and you are upset that I pointed out the hypocrisy.
And of course you want me to take a “time out” because the last thing you want is to be confronted with facts that undermine your bigotry.
Honestly I'd be really interested in knowing about it.
On Bitcoin, do you honestly not think there is no cult like behaviours with this movement? No shilling? No ignoring inconvenient facts?
I'm not an enermy. I'm happy to have an engaged discussion here.
The idea that hacker news is toxic does strike me as absurd. It's not perfect but it's well designed for polite engagement.
I'm more than happy to discuss bitcoin with you too. I feel like I've been straw manned.
I stand by my point that this has miles to go before it's for "regular people" and you kind of prove it in your response. Sure, if you had cash to put into bitcoin and hold for 4 years, you might have made more - but most "regular people" do not. The swings are far too wild to price anything in BTC (rather than peg it to another currency and convert it to BTC) so ultimately we're all still cashing out for dollars or pounds, and someone has to lose for that to happen. If you're an early adopter, or and insider, you know the perfect time to cash out and "buy the dip". 'Regular people' not so much.
My comment was not an attack on you, cryptocurrency, human-rights or anything else. I'm sure you've done very well from Bitcoin - but it's not ready for my mum.
I'm exaggerating but I fucking swear this is the level of sophistication we get from actual crypto fiends in here.
But that’s fine, keep believing bitcoiners are dumb and keep bashing bitcoin.
That’s actually better for me. HFSP
Should have known better.