> I am well aware that most people on Hacker News hate Bitcoin and cryptocurrencies
It's not hatred of Bitcoin to think that it's more worthwhile as a white paper than as an investment vehicle.
It's not hatred of Bitcoin to think that it's more worthwhile as a white paper than as an investment vehicle.
Or did you not know there are only 21,000,000 BTC ever ever ever? Have you heard of fractional reserve banking?
Limited bitcoins doesn't make it any less vulnerable to being marketed (yes, there is a lot of marketing $ behind it) as a get rich quick scheme. In fact, the growth of fiat value of bitcoin is the biggest reason people see it as an investment vehicle. Bitcoin system might be helpful in countries with oppressive governments and no trustworthy party, but I don't see largest orders of bitcoins coming from North Korea.