HN's body text is actually pure black (as far as I can tell) and works alright because it's on an orange/grey background, but if you play around with black text on a white background, you should find that a few HEX notches above #000 (say #333, for example) is much more pleasant to look at.
The abstinence of pure black doesn't irritate me, but taking design advice from IBM does :)
[0] - https://graphicdesign.stackexchange.com/questions/25356/why-...