Ask HN: Lets talk about Bitcoin

I dont get bitcoin now. Whats the value? I dont really see where I need it.

Used to mine back in the days right after I heard about and had great hopes and fun. It was worth nothing back then, but since just had too many letdowns because of the community around this so called currency. You could literally replace "Bitcoin" with "Jesus" in any conversation online in the big bitcoin communities and it would seem just like a religious cult, which I am not too much into. Actually that would be a fun idea for a browser plugin now that I think about it :D

I transfer money regularly to asia, but Transferwise is a much better option for this. Takes 20 minutes to have the real usable money in the account.

I lost 3000 euro recently on an exchange that went bust and I almost lost 60 bitcoins on MtGox, where I was one of their 50 first users. Only saved it because I went crazy on their IRC, so I guess MagicalTux just wanted to get rid of me.

Those 3000 euros were for playing around with ETH by the way - no big deal - but I decided that was the last straw. Just had enough, I guess and I kind of hope that this will turn into the shitshow, I think it is going to turn into because these days there is really nothing I could think of doing with a bitcoin if I had one.

Seriously. If I had a bitcoin, what could I do with it except selling it??

And the blockchain? What is it good for except for bitcoin (et al)? It has been around now for almost 10 years and everybody has been praising it to the skies, but have we really seen any breakthrough tech come out of this? Its not super complicated tech - just an interesting solution to a computer science problem. If it was so valuable, I am sure everybody who wants to earn money would be all over it. Thats what we like, right? Earn money.

A certain story by HC Andersen comes to mind.