moose_man

It's not arrogance and not just that it is scammy or wasteful to the environment. Bitcoin is another mechanism the increases inequality.

I think Bitcoin is one of the many way that the economy is rigged against economically insecure retail investors. The more money that gets funneled from the middle class into Michael Saylor and crew's pocket the closer it brings us to civil war.

Checkout

End Times: Elites, Counter-Elites, and the Path of Political Disintegration by Peter Turchin

https://www.amazon.com/End-Times-Counter-Elites-Political-Di...

I think they suck just like crypto, these are all mechanisms rigging the economy in favor of the already wealthy. If we don't unrig it we will eventually get civil war. Popular immiseration eventually leads to upheaval.

Checkout the book - End Times: Elites, Counter-Elites, and the Path of Political Disintegration by Peter Turchin

Yeah, crypto people want to recreate the current system but with themselves in charge. It's not about decentralization. They want to carbon copy the current economy but putting a small number of holders to lord over the "nocominers"

This is so sad. Crypto (including Bitcoin) serves as a money funnel while takes from economically insecure middle class retail investors and pours it into the pockets of the tremendously wealthy.

Exactly.

Yes, the collapse of fiat currency would cause enormous suffering for most of humanity which is why I'm so against the rich bitcoiners who are rooting for this tragic outcome. It's a cancer on society.

No, I just think it's a cancer on society that exists to allow extremely rich men to leech money out of retail investors. All the while promising "we're all gonna make it"

404?

Crypto - the endless rug pull.

Man, this is the latest of late capitalisms. The Feds are really doing a public bailout of Michael Saylor.

Of course it's a crypto mining worm. Crypto is poison.

For all the super libertarians out there who are outraged they can't do business like they use to with China, remember, this is save/prevent your death.

Crypto schemers are trying so hard to restart crypto hype.

It feels nerfy, at the least it is nerf adjacent.

I see but whatever is there now has 55 upvotes, but the thread that had the most comments had 319 upvotes (the one I consider nerfed).

It had way more upvotes before and it was a link to magazine article. They merged a bunch of threads togethers and in the process nerfed it. I think the article had well over 100 upvotes maybe 200 upvotes.

Edit: I'm not sure how merging effects the ultimate upvote count.

They nerfed this thread =(

By "it" I mean the scam ridden shell of what was once cryptocurrency. The parasite has consumed the host.

This is either expert level trolling or =|

I'm not sure if you're betting on the collapse of the USD, the collapse of economic growth or the collapse of the US economy.

Crypto schemers are trying so hard to restart crypto hype.

Crypto is a scam (including Bitcoin) anybody treating it otherwise is overly credulous or in on the scam. Maybe it started out with better intentions but it is irredeemable.

This is icing on the cake of this manipulated attempt to restart the crypto craze. These morons are so greedy that they undermine themselves.

Not yet, at least not at scale. The tech needs a few more years of advancements before it is mass adopted. The Apple glasses are cool, but nobody is going to regularly wear them in public (not least because of the risk of theft.)

The age of unfettered Silicon Valley business is over, get with program or get run over. The forces causing this change are way beyond tech's ability to control, you can't win if what you are up against is the fear of annihilation in WW III. Existential dread is more powerful than greed.

Crypto shills be shilling hard on HN.

Crypto shills be shilling hard on HN.

Crypto shills be shilling hard on HN.

It's just insane the number of tiny investors that got crushed financially by the last crypto hype cycle, that they are trying to reignite another cycle so artificially and that they might get away with it seems so socially nihilistic.

But the clear end point here is lure in consumer investors which end up losing by getting in at the top? Shouldn't the SEC step in at this point? They have ways to track and do forensics on crypto, they could use undercover agents ect. Seems like someone should be looking out for the little guy and not Michael Saylor.