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Comments on other internet sources I follow are mostly mixed bag of beans, however here they are prevalently salty when it comes to crypto and every time I stumble upon topic like this I wonder why. I was expecting that HN audience sees blockchain tech and bitcoin for what it is, and unique capabilities it offers, beyond "omg its a ponzi scheme!!11!" narrative.

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I've used bitcoin for short term transactions to get some money to people that needed it, but in spite of that I have no illusions about that being the exception and not the rule.

At some point tech needs to prove itself through utility and economic viability. This is going to be a difficult to achieve thing for all these coins (BTC and others), and in the bulk of the cases they are money grabs or Ponzi schemes.

That does not help, if the money grabs and the Ponzi schemes (which happen in the 'real world' as well) were a very insignificant minority I suspect the sentiment would be entirely different.

Possibly people are richer than in Reddit and got burned more heavily in the past buying at the wrong time?

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