| Early adopters are silent, because they have nothing to prove and are too busy enjoying their wealth. Holders are positive, partly because they have financial motive to do so. Nocoiners are negative, partly because they are kicking themselves for not cashing in on one of the biggest opportunities of the last decade. They like to see crypto fail so they can say: See, I told you so! and feel better about missing out. Then there is the perversion of the cryptopunk community, where it became all about greed and hype, and much less about the technology and vision. I wouldn't mind if the greedy folk dropped crypto and it became more about sticking it to the man (because I already largely cashed out, and kinda feel bad for the environment and taking last year's mom-pops Christmas money). It pays to revisit the very first post on Bitcoin on HN and maybe realize that what HN thinks about crypto is not so relevant as it may seem: https://news.ycombinator.com/item?id=599852 > Well this is an exceptionally cute idea, but there is absolutely no way that anyone is going to have any faith in this currency. - May 2009 |
HN can be wrong at times. The canonical example is "Show HN, Dropbox". Time will tell if HN was wrong about cryptocurrencies as well.
We are still way too early to pass final judgement. The combined market cap of the cryptocurrencies didn't even reach dotcom niveau.
Looking at cryptocurrencies I have a feeling like looking at something from the future out of the corner of my eyes but not completely being able to grasp it. There is a gut feeling about a tremendous potential to change the direction of the future but I don't know what exactly.
I haven't had that feeling in decades. But I do know that if there is a killer app for cryptocurrencies it is not currency.