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Comment by seviu | Hacker News Reader

I think you would be surprised.

Can we stop the cryptocurrency hate and start trying to see something positive in it? We are not all criminals and thugs. This is becoming so tiresome.

I am the other one in that 4 group of people it seems

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Sorry, I defended crypto vehemently for years, but against a growing mountain of evidence and no serious use-cases after exhausting countless engineering hours and VC… it kinda seems like a scam at this point.

After so many years you still don't realize how privileged you are? You have no worries about runaways inflation, you have access to a functioning banking system, your are not concerned about having your wealth stolen, you have no problems sending money anywhere you want to. Makes one wonder what you defended all those years, perhaps scammy ICOs and NFTs? Oh well, that you spoke of "crypto" and not bitcoin already made that likely.

I'm sure the other 2 people of that 4 are also on HN, given enough time we can find them.

And it's not about crypto hate, more like......you have 90% of your net worth in what is basically an unsecured investment vehicle? I'm not sure whether I should be impressed or terrified.

I saw why bitcoin has value in 2013 and have been acquiring more ever since. Bitcoin is one of the reasons I sleep well at night, but you do you.

Cool, the feeling of being impressed/terrified is growing stronger.

You likely have 90% of your wealth directly tied to the success of the US. Politically unpredictable and divided, larger deficits than ever, persistent inflation, trillion dollar DOD budget while most under the age of 35 are burdened with huge education debt, unaffordable housing & healthcare, and failing infrastructure and systems.

US assets aren't becoming more valuable, the dollar is losing purchasing power. Bitcoin is a hedge that the US won't maintain it's dominance and growth trajectory of the last 30 years.

Nah, especially in tech, people are too invested in hating bitcoin. They'd have to admit to being wrong to change their tune, which will likely never happen.

Probably has something to do with finally coming out of the conjoined coin scams and NFT blockchain brain rot that crypto bros spent countless hours trying to manipulate financially illiterate people into being left to hold the bag on their rug pulls that were exposed on a bi-weekly basis, or something. Cute little speculative toy though :)

Yeah, when people confuse bitcoin with NFTs or believe that keeping bitcoin on centralized exchanges is normal, or that "smart contracts" are the future, I can understand that they see no value. Too bad you listened to "crypto" people, not bitcoiners, but that was your choice.

Because we are the people that can best see behind the lies about Bitcoin. It's really not useful to pay with it. It's really not going to hold value if a big country (or EU) forbids it.

Away from Bitcoin, towards web3 and crypto. What useful things have we seen? Since nearly a decade we have been told and shown claims about unique features, changing the world and so on. Nothing came out of this.

What is crypto useful for right now? Buying/selling drugs, huge speculation & sending rather big amounts of money across the world (and then converting it to fiat lol).

> It's really not going to hold value if a big country (or EU) foribids it.

Haha, how did China banning bitcoin affect anything? Is it just ignorance or racism that you ignore what China did?

> Away from Bitcoin, towards web3 and crypto

Haha, yeah, fuck off, this is not about "crypto". Away from humanity and towards genocide, what have you done to prevent it? I guess it's only fair that I connect you with any random thing I want.

> What is crypto useful for right now? Buying/selling drugs, huge speculation & sending rather big amounts of money across the world (and then converting it to fiat lol).

You don't realize how privileged you are? You have no worries about runaway inflation, you have access to a functioning banking system, your are not concerned about having your wealth stolen, you have no problems sending money anywhere you want to. You're the typical "bitcoin is not useful for me, so it's not useful for anybody because only I matter" crowd.

Always good to accuse someone of racism in the first interaction you ever have with them.

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