Hacker News Reader

Glad the article answered my question right away - A large part of the fraud is in the crypto space

2.57 billion crypto, 7.73 billion in the space you respect

I'm just here to watch the goal post move

7.73 billion represents a very small fraction relative to actual utility. 2.57 billion represents 99.9% of something that has virtually no utility other than scamming people.

the most obvious red flag is that perspective is unfalsifiable. hence why you would have to always move the goal posts predictably further.

as in, the crypto numbers could have been any amount and you would have said the same thing.

if it was $1bn you would have said that, $500mm you would have said that.

and thats, in conjunction with nothing in the crypto space having any utility, for you, and nobody else’s utility being valid, for you.

Well said. It's always fascinating to see how quickly (and predictably) logic gets thrown out whenever cryptocurrencies are discussed on hn. Thank you for pointing this out.

Reply on news.ycombinator.com