Ask HN: Was Hacker News ever pro-Bitcoin?
Hello, I realize that much of the HN crowd is not very pro-Bitcoin. For the record, I'm the same.
But being a new user, it makes me wonder if there was ever a time (maybe 2011?) when HN was excited about it?
But being a new user, it makes me wonder if there was ever a time (maybe 2011?) when HN was excited about it?
10 comments
[ 2.8 ms ] story [ 32.3 ms ] threadI think too many people got burned in Q4 2017 and then swore it off. Prior to that, even going back to 2010, it was viewed as a quirky little project and not taken seriously. Also, there are many discussions on the wastefulness of PoW (I find these arguments less than compelling, as a disclaimer).
Overall, I think humanity is still figuring out "money stuff" so it should be taken a little more seriously. It's a huge industry and is absorbing a tremendous amount of real money investment capital.
I'm sure they would allow posts about Riot Blockchain or MicroStrategy stock, but buying bitcoin on leverage isn't really a "Wall Street" bet.
2010: "if this is a serious virtual currency implementation by people who understand the security implications of such, I'm unable to find strong evidence of that fact. And, so, I worry about dealing with it." <https://news.ycombinator.com/item?id=1998144>
2010: "at the current exchange rate they'll be worth about $12.50 USD. That's very little value for a year's worth of computation, and they're still quite rare. As more are created the exchange rate is going to drop unless they become very widely accepted, but there probably won't be enough of them to support a large economy." <https://news.ycombinator.com/item?id=1998144>
I think there is a wall of acceptance too tall for crypto to become accepted by "normal" people (aka non-technical and non-finance people). There are still people using checkbooks as their main source of paying for things. Another huge barrier is the volatility.
Maybe discussions about the tech - which fundamentally hasn't changed in a decade right? Or the societal impacts/challenges is more worthwhile than "hey do you like $crypto_flavor?"
Once mining was out of my personal reach, I have pretty much not paid any attention to it. So I'm neither pro nor con, and I bet there are a ton of people also in that same middle area.
What HN doesn't really care about is economics, history of money, monetary policy, pros/cons of central banking, etc.
They get hung up on transaction inefficiency, as the distributed network performs subpar to centralized systems.