3. Hacker News comments have been vehemently anti-cryptocurrency for a decade. I remember being shocked how out of touch with actual hackers this place is.
Reminds me of punks who'd shop at Hot Topic.
Reminds me of punks who'd shop at Hot Topic.
2. There is nothing wrong with “punks” shopping at hot topic, whatever you mean by punk.
What would that proof need to look like?
If you want to safeguard your savings against inflation, the way to do it is to invest it in vehicles that are backed by something, like corporate stocks, government bonds, real estate, or commodity money, not a vacuous line on a digital ledger supported by nothing but people's hope that it'll be worth more tomorrow.
Valiu's claim that they're backed by USD is dubious at best. Tether was running a similar scheme, we now know that they only have 2.9% of the money that they claim to have in reserve, the rest having been traded away to mysterious LLCs in the Caymans, and many of their coins printed out of thin air.
Separate BTC/ETH/XMR/etc from random shitcoins and NFTs.
There is no compelling reason to believe that cryptocurrencies are anything other than digital beanie-babies. At least beanie-babies had inherent value as a toy.
Yes, and HN kept telling everyone for years not to do that. And the value kept going up.
I wish I had a bitcoin for every "don't buy bitcoin" article that hit HN frontpage...
Speculation is not business, high prices are not proof of utility, and the purpose of currency is not to hodl.