Hacker News Reader

Comment by DantesKite | Hacker News Reader

Agreed. Nobody is solving any interesting problems in crypto-space, except for a few computer scientists. The rest are degenerate gamblers who don't realize cryptocurrency is exciting because it's no different than a slot machine at the casino.

There are so many problems I'd love to be solved by crypto, but it's so frustrating how caught up with winning the lottery these people seem to be. It's an ad nauseum cult.

The only good thing about crypto is how it occasionally decreases inflation in the US every time this digital "gold" is lost.

View on HN

> The only good thing about crypto is how it occasionally decreases inflation in the US every time this digital "gold" is lost.

when they buy the crypto - dollars are sent to the seller. Only thing "lost" is the crypto coins themselves.

The crypto is not lost either, just the value.

Nothing prevents you from focusing on the problems you personally are interested in. My reason to get interested in cryptocurrencies was that I didnt have much money. Now I have generational wealth thanks to Bitcoin. It is nice, but also I am not that interested i cryptocurrencies any more, they were very effective at solving my problems and now the problems are gone. Now I am focusing on music production instead.

Calling it degenerate gambling is uncouth and reeks of classism. I think the adequately paid tech workers who frequent HN miss something very important that crypto attempts to solve that appeals very much to common people. I say adequately paid because a FAANG salary is more analogous to a skilled factory salary a half century ago, allowing you to buy a house and car and put your children through college, something out of reach for people making the median income.

These are people who aren't stupid and understand that inflation is happening and purchasing power is going down and who realize that their fearless leaders don't actually have an answer to it besides gestures and platitudes. Putting some hope in crypto gives the common man a non-zero chance of his purchasing power going up. Holding regular savings accounts does not. Crypto may or may not be the answer but I see it as a rational bet.

Agreed. Nonsense tulip bulbs! I for one appreciate inflation and the fed printing money. Its for our own good. As with most if not all government entities they have the people’s best interest in mind and refuse to serve a small elite group of friends. I’ll be happy when this whole decentralized thingy ends and goes to zero.

> Nonsense tulip bulbs!

https://www.smithsonianmag.com/history/there-never-was-real-...

Reply on news.ycombinator.com