[spectec]

>If most of HN readers call crypto a scam, then I’m out of HN.

Oh no. Whatever will we do without you.

On a serious note, I can’t speak for everybody but as it currently stands 99.99% of crypto are scams bent on “replacing something” but really end up doing nothing. And the .01% of crypto that aren’t scams/worthless are being used to buy drugs.

And as a last edit, there are so many buzzwords being thrown around in the cryptouniverse it makes my eyes bleed. “Stablecoin” is one of those.

[dang]

> Oh no. Whatever will we do without you.

That's mean, and exactly the wrong way to respond to a question like this. Maybe you don't feel you owe better to the questioner. But you definitely owe better to the community you're presuming to represent here.

https://news.ycombinator.com/newsguidelines.html

[mygo]

> And the .01% of crypto that aren’t scams/worthless are being used to buy drugs.

fiat currency is being used to by drugs as well...

Is there no better measure for the utility of a currency than people actually using it to trade for things?

Now I start to wonder, when people first shifted from barter to currency, who were the early adopters? were they also criminals?

By the way I have no opinion about crypto one way or another. If it succeeds, cool. If it doesn't, cool.