The cynicism in these threads on this topic is really something. It seems to correlate with an overall change in mindset in the tech space (maybe driven by the younger generation?).

I remember when startups and making lots of money was cheered on HN. A decade ago people would have been looking at the positives of this tech, figuring out how they could get involved and how they could make money and try to make it succeed. There was a much more optimistic atmosphere. It now seems that people making lots of money are reviled. It gels with the anti/post capitalism memes that are quite prevalent.

I’m not judging this view (I often find myself swinging between capitalist views and socialist views and try not to strongly subscribe to either) but I think it explains the cynicism in these “crypto” threads.