Hacker News Reader

dubswithuson TerraUSD crash led to vanished savings, shattered dreams

Not really. It’s more likely experienced players in the market liquidate your position in times of great volatility.

Yes, there are good traders out there. But it doesn’t appear that the ones that short are anti-crypto.

dubswithuson TerraUSD crash led to vanished savings, shattered dreams

Surely if you believe crypto is coming to an end in the next few years there is some way to profit.

dubswithuson TerraUSD crash led to vanished savings, shattered dreams

Who did you tell?

dubswithuson Deno raises $21M

So crypto is going to be a giant success?

dubswithuson Deno raises $21M

I think it's similar to many critiques of crypto: It doesn't need to exist. But someone really wants it to regardless.

dubswithuson Where are all the crypto use cases?

> Remember the existing systems work and thus far crypto isn't offering anything new, just alternatives with different trade-offs. That places an awfully high burden of proof on any crypto advocate and such a bar is far from being reached.

No it doesn't. Crypto doesn't need to do anything better to succeed. It only needs to capture the imagination of the public. That's what terrifies the anti-crypto folks here and why they furiously post against crypto. You are powerless against this trend just like many were powerless when Facebook, Instagram, and TikTok started their domination of everyone's attention.

dubswithuson Misplaced Crypto Schadenfreude

https://www.investopedia.com/terms/p/ponzischeme.asp

Doesn't share the same characteristics.

dubswithuson Misplaced Crypto Schadenfreude

Video game addiction. More serious than anyone thought.

dubswithuson Where are all the crypto use cases?

Yeah, North Korean hackers steal money on the internet. You are right about that.

dubswithuson Where are all the crypto use cases?

> - you want to avoid taxes / tariffs (see, doing something illegal)

Which is basically impossible. It's a distributed ledger and the IRS has chain analysis software.

> - you're doing something traditional payment providers don't allow

So no one has ever complained about Paypal? Seems to be a recurring theme on HN.

> - you're speculating

Which is exactly about Y Combinator is about?

I personally think Uber and Facebook are scams. Uber ignored regulation and started its business without getting permission. Facebook tries to convince young people to spend more of their time doing worthless things. And yet a lot of people here are being paid big bucks by these companies and loving it!

The modern internet is just a cess pool. Crypto skeptics want us to believe that everything else on the internet that came before it has a purpose and is justified. But really the modern internet is making society worse.

dubswithuson Where are all the crypto use cases?

Most of the discussion about HN is not about technicalities of smart contracts or block times or ledgers. The skeptics are interested in repeating the same lines but have a very poor understanding of how it works.

dubswithuson Where are all the crypto use cases?

It's better to pay on demand than subscribe to 10 publications that each charge $9.95 a month. This is why streaming is a bad solution for the average person.

dubswithuson Misplaced Crypto Schadenfreude

It's not ponzi, it's greater fool. It's entirely possible for bitcoin to exist without new participants buying into it.

dubswithuson Crypto exchange FTX bails out lending platform BlockFi

Usually it's the government bailing out financial companies? Breath of fresh air.

dubswithuson Misplaced Crypto Schadenfreude

...

You spent all that time playing fucking Call of Duty online? Maybe if you had invested in the technology our daughter is using now we wouldn't be living in a studio!

dubswithuson Misplaced Crypto Schadenfreude

> "Cryptocurrency" was interesting, briefly, before the scams took it over. Now the interesting bits are buried too deep in scummy scams to be worth delving for.

The whole point of being an early stage investor is that you have to dig for the opportunities.

Here is what likely happens: A few cryptocurrencies become used or adopted by the public in some form. All the critics stomp their feet and say, "But a centralized database could do it better, faster, and cheaper! And better for the environment! This is 2026, technology is supposed to move in a direction that helps society! [Coughs in Google, Facebook, and Amazon]"

A few years later...

Ted: Where are you taking the kids?

Janet: Ted, I'm done with this! All you talk about is your hatred of crypto! You're always tweeting about it! What happened to our future?!

dubswithuson My 40-liter backpack travel guide

I've done Europe and LATAM. Currently in Ecuador spending $2,000/mo. But I have spent significantly less. Nicer places and amenities make it feel like real life and not just something you're doing for a few months. It's better for mood.

I have spent a lot less on Airbnb's in the past. If I like the place enough then I pay directly with a wire transfer and go month to month. And I attempt to negotiate.

dubswithuson Web 3 is Flawed

https://news.ycombinator.com/item?id=31825723

dubswithuson Where are all the crypto use cases?

https://brave.com/transparency/

* 60 million monthly active users

https://basicattentiontoken.org/growth/

* 10 million users opted into rewards

Brave pays users for their attention while blocking ads and tracking. Brave is not unknown on HN. There are a lot of posts about it that make the front page.

dubswithuson Where are all the crypto use cases?

I use Uber so I don't get kidnapped -- which is a serious concern where I live.

dubswithuson Where are all the crypto use cases?

Do you have a centralized solution for the Brave/BAT ecosystem? Not even Google checks the boxes. They won't pay you for viewing ads or protect your privacy.

dubswithuson Web 3 is Flawed

Does your hatred of crypto prevent you from criticizing nazis?

dubswithuson My 40-liter backpack travel guide

Read this book and find out why: https://www.amazon.com/Trick-Treatment-Undeniable-Alternativ...

One of their examples was homeopaths telling patients not to get vaccinated.

dubswithuson Web 3 is Flawed

I don't have any teeth filled with gold. It's not necessary unless you are Post Malone.

dubswithuson Web 3 is Flawed

I don't have any teeth filled with gold. It's not necessary unless you are Post Malone.

dubswithuson Solend invalidates Solana whale wallet takeover plan with second governance vote

It became more clear during the pandemic. Speculation is a human need. It's not going away. See the reality for what it is and not what you wish it to be.

dubswithuson Web 3 is Flawed

Most HN commenters have zero knowledge of cryptocurrency and they are proud of that fact. That's lazy.

dubswithuson Web 3 is Flawed

But not useful enough to justify the current price. And not a smart investment according to Warren Buffett.

dubswithuson Web 3 is Flawed

I've used Brave/BAT to tip open source contributors on github. They appreciated it.

dubswithuson Web 3 is Flawed

No, you need to take the 100 BTC and use that to buy some books about real scams like essential oils.

Start here: https://www.amazon.com/Trick-Treatment-Undeniable-Alternativ...