Hey, author here. I encourage HN actually listen to the video - there's timestamps underneath so you can get specific concerns addressed - rather than comment about a topic that was already addressed.
I am surely no expert on this topic but in my opinion plenty on HN know how crypto works but have no use for it or do not trust the exchanges or ledger operators to be outside of government control. The original promise was to bank the un-banked, proven untrue as governments can easily shut it down. Some tech enthusiasts use it but the primary use appears to still be for crime. Bucket shops, wash trading, laundering, recreating the criminal platforms of the 1920's - 1930's in a digital medium and that's before getting into topics like drugs, firearms and other things that draw the ire of governments. I am aware it is just a tool but that tool is drawing the wrong attention.
Crypto is also heavily focused on by the IRS here in the USA and some do not want to deal with even more complexity in their taxes. Governments are playing catch-up with cryto and it is they who are a decade or more behind on it. There are too many unknowns regarding what retro-active laws are coming. I know for a fact I will never go anywhere near it.
Disclaimer: I did watch your video but I did not hear any reason why I would use that as none of the examples given really apply to me. All of the purchasing examples provided are covered by cash for me. I lost confidence in online purchasing ages ago and barely trust one vendor enough to utilize them for things not sold locally. Most of the online stores using crypto carry the risks of unknown-unknowns for me. If I can not get something locally, I go to Amazon and if they don't have it then neither will I.
Quicknode founder here. video checks out. there are still a good chunk of smart engs who “don’t like crypto” because of what it was 5, 10 years ago. “crime” “drugs” “ransoms” “no utility”… we made this video to demonstrate today’s real-world use-cases, in an effort to educate and perhaps update the perception of onchain products, and general view of onchain technology. thanks in advance for watching!
Shameless plug, I've actually spent the last 2 years working on a HN alternative for crypto people because I got similarly frustrated with the HN community. It's still online and we're kinda trying to get an influx of people who'd like to use such a product. I'm not going to disclose the product name here because I feel like I'd be risking getting moderated. That said, if you wanna check this out please message me in private and I'm happy to send the link to you. My bio should have info
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[ 2.6 ms ] story [ 22.3 ms ] threadCrypto is also heavily focused on by the IRS here in the USA and some do not want to deal with even more complexity in their taxes. Governments are playing catch-up with cryto and it is they who are a decade or more behind on it. There are too many unknowns regarding what retro-active laws are coming. I know for a fact I will never go anywhere near it.
Disclaimer: I did watch your video but I did not hear any reason why I would use that as none of the examples given really apply to me. All of the purchasing examples provided are covered by cash for me. I lost confidence in online purchasing ages ago and barely trust one vendor enough to utilize them for things not sold locally. Most of the online stores using crypto carry the risks of unknown-unknowns for me. If I can not get something locally, I go to Amazon and if they don't have it then neither will I.