I really don’t understand why a hacker community would consistently downvote crypto currency related comments. Can anyone explain it to me? Like, folks can build their own cpu so not to be controlled by big companies, but they all like using money controlled by some big banks?
I've been surprised by this as well. I've always chalked it up to the fact that the average Hacker News commenter is likely a very rich Silicon Valley dev type that has a lot of USD stacked now and doesn't like to hear uncomfortable truths about money alternatives (no matter how cool and techy and decentralized and open source crypto is), now that they have a lot of it.
People who appreciated the technology initially but changed their minds seeing it being driven by what people often consider a toxic community who hides behind the pretense of technology to make money.
People who think Bitcoin itself, despite the technology, is no good for it's stated initial purpose of being a peer to peer electronic cash system. Whether that's true even with additional layers like lightning remains to be seen perhaps.
People who either missed out on the rise, sold early or lost money trading it in the past. Frustrated or bitter perhaps, wanting to be right about Bitcoin so much that they've shut out any possibility that it will succeed.
And I guess people who don't quite understand the technology, purpose or possibilities Bitcoin and other cryptocurrencies bring to the table.
And obviously all the "tether scam" people.
There is positive and negative to cryptocurrencies, same as there is with the internet itself. Do we wish for the internet to fail (if somehow that were even possible) because it enabled mass manipulation of people through social media? Well maybe some people do but I think the vast majority take the good with the bad and some are working to try and solve these problems.
Will Bitcoin fail? I don't think it can at this point to be honest. Genie is out of the bottle, interest is there and it's getting more legitimized every day, whether it's through the direct actions taken by individuals, companies or institutions to further the entire space or through the inaction of governments who don't want to stifle innovation or possibly don't see it as the threat to the monetary system it could (potentially)_be.
Don't forget another type (of which I count myself among): those who think "proof of work" cryptocurrencies are an environmental disaster. Recent estimates place the energy used to mine Bitcoins at around the same as the entire energy use of Switzerland[1] and as each new generation of miner is created the previous generations become mountains of e-waste.
I don’t believe usd will hold value as US is technically bankrupted now. I also don’t use yuan or other currencies as they are not globally accepted now.
So I believe in technology evolvement and use crypto currencies which solve both problems.
If you believed distributed databases would replace centralized databases, why wouldn’t you believe distributed money would replace centralized money?
All my experiences using Airbnb have been terrible and their apps/website are the slowest I've ever seen in a tech company.
But I think the price is reasonable because the Fed printing machine won't stop and US has long lost the opportunity to ever increase interest rate so everything will just pop up like end of world, e.g. what has Apple done this year so they are now worth 1 trillion more than last year? Thus 60b for Airbnb is basically the same as 30b last year.
tl;dr: if your asset doesn't pop 100% this year, you are a fool.
Who knows? There's people on here who will not like something you say in one thread, and downvote you on others. Hopefully not many. Perhaps my statement was viewed as off-topic?
I was downvoted rather aggressively in another thread for calling Trump "his orangeness" which my Trump voter friends and family chuckle at, but apparently is in bad decorum on HN. In their defense, they are just desperately trying to keep it all from devolving into Reddit territory.
Buy from alternatives and give them feedback. Shopify has made it pretty easy for anyone to start a e-commerce site and then there are other places like etsy.
