Comment by kylebenzle | Hacker News Reader

Comment by kylebenzle | Hacker News Reader

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Of course. First, she calls the industry, "a grift". I've been in deeply into crypto since 2012 and dismissing peer-to-peer digital cash nothing but a "scam" in 2023 ignores a decade of progress and hard work, not to mention an actual working product used by thousands of people a year. Everyone actually using Bitcoin Cash, Ethereum and Monero know that 99.999% of what is out there is a scam for morons.

Main exhibit would be her editorializing (not reporting) of the industry with her site, https://web3isgoinggreat.com/. Here she posts only negative articles or opinions cherry picked for highlight issues with crypto. Every "hack", every rug-pull, every scam token. In my opinion its a HUGE waste of time and not useful or interesting.

The website she should have built for Web3isGoingGreat.com would be VERY simple, just a like to the home pages for Bitcoin White Paper, then the Monero and Bitcoin Cash home pages. Thats all anyone needs to know about crypto, the rest is a scam.

I feel that if you agree that "99.999% of what is out there is a scam for morons" then it's pretty tough to argue that the industry isn't a grift.

He literally said this of Bitcoin yesterday:

> And still, 10 years in, a near perfect tract record, people are still unsure about Bitcoin. What's the issue exactly, people are just scared?

A near perfect track record? How?

It might be too late for you to see this but "Bitcoin" is the project, BTC and BCH are two forks of the original project.

> just a like to the home pages for Bitcoin White Paper, then the Monero and Bitcoin Cash home pages. Thats all anyone needs to know about crypto, the rest is a scam.

Doesn't that mean that you actually agree with her stance and reporting?

She focuses 100% on the scams which are the least interesting part of the industry but gets the most attention.

If you think the rest is a scam, do you at least appreciate all of the articles she's written that help illustrate that point?

Just because you also fell for it doesn't make her wrong.

I've made more money in cryptocurrency than most people will make in a lifetime, I can guess you can call that getting scammed if you want.

SBF was probably saying the same thing not so long ago. Of course it's possible to make money with/during a scam, I don't think anybody is disputing that?

SBF made all his money stealing from people and arbitrage, he really had nothing to do with cryptocurrency.

> the rest is a scam.

Ok, and this is what she writes about.

> I've been in deeply into crypto since 2012

I think one could have guessed that from your first comment ;-)

Poe's law strikes again.

you're saying crypto is going great? on SBF's conviction news?

As someone who has been into crypto for a similar amount of time I can confirm that this analysis of the state of the crypto landscape is accurate.

> the rest is a scam

Etherium is a scam?

It's an unlicensed security at the very least. But yes, it's closer to a scam than a a useful currency.

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