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Comment by eyezick | Hacker News Reader

This statement is too broad.

Current state of software is only appropriate for some use cases. Email/text messaging (like 4chan) are not practical uses. Financial business logic handling is a great use case.

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Financial business logic is not a great use case, approximately no one uses it for that. Almost all of the interest in BTC/ETH is driven by speculation and greed, which is a shame as it's a whole new computing paradigm.

People speculate precisely because it's a whole new computing paradigm.

Good use cases exist because of the viability of the platform, not of their popularity. And even I meant to communicate financial "business logic", which is widely used in ICO's.

Speculation and greed is the foundation of all new technology.

  Entrepreneur: 'Hey, look if we boil water it moves this piston'
  Investors: 'We speculate that this may be important in the future, here's money'
  Entrepreneurs: 'I made a steam engine'
  Investors: 'We speculate that this may be important in the future, here's money'
  Entrepreneurs: 'I made a railway system'
  Investors: 'We speculate that this may be important in the future, here's money'

...

I do not see greed anywhere in this exchange. Also there's a difference between what people normally describe as investment vs speculation. The first being assuming a growth of value of something useful. The second is making money on the difference in a value, completely ignoring what the value represents. (yeah, the line is a bit fuzzy in practice)

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