One of the (many) problems with cryptocurrency is that it’s holders are financially incentivized to generate hype and get people to buy in to it to drive the value of their coins up.

Thus I am extremely skeptical of people with pro-cryptocurrency views on this website.

If I had significant holdings in crypto, you can bet I would also be on hacker news trying to legitimize and defend anything to do with crypto to get people to buy in.

This is also amplified by the sunken cost fallacy, and not wanting to admit someone convinced you to spend thousands of dollars on fake coins and an ape jpeg for your twitter profile.