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Comment by fwdpropaganda | Hacker News Reader

I hear all the time from the crypto-people the reasoning

> Isn't it very obvious that anyone in the current financial world(Traders/FX brokers) doesn't like cryptocurrencies?

"Oh finance people just don't _like_ cryptocurrencies!"

Well, finance people make their living either trading or selling anything at all they can get their hands on. Have you asked yourself why it is that they don't have the same attitude towards cryptocurrencies? Why is it that they don't apply the same knowledge and experience that they have from years of trading other financial instruments, to cryptocurrencies? Nothing strikes you as strange here?

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What's to say they aren't? If you are trying to accumulate, would you bump up the price publicly and buy privately or suppress the price publicly and buy privately? I know what I'd do, especially if there were no laws around any of it.

Personally I trust the future of finance, governance, security representation, IOT, fog computing and other yet to be developed applictations to software engineers rather than wall street and lawyers.

Don't lump me in with the cryptocurrency maniacs. Most software engineers also see blockchain as useless when applied to the domains you listed.

I'm saying that all crypto teams contain software engineers, not that all software engineers are cryptocurrency maniacs.

You also may want to reevaluate your initial thoughts on what representations of value can do for each of these use cases.

A quick example: A secure means of sharing information and value across devices is a building block for the internet of things. How would such a standard exist and how would the value distribution become agreed upon?

There are many crypto currencies in the space

edit: removed coin reference, really not trying to convince anyone to buy anything, just re-evaluate prejudices

> A secure means of sharing information and value across devices is a building block for the internet of things. How would such a standard exist and how would the value distribution become agreed upon?

Using centralized systems. Why would a more expensive distributed not-quite-trustless system be better than a far simpler and cheaper system built on centralized trusted authorities?

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