Hacker News new | ask | show | jobs
by microtherion 2092 days ago
> cryptocurrencies being the best gaining asset class of 2020

And tulips were the best gaining asset class of 1636. The existence of speculation is not proof of the soundness of the underlying asset.

> trillion dollars worth of laundered money being done using traditional USD

The difference being that I have firsthand knowledge of honest economic activity being conducted with USD. I see practically zero evidence of cryptocurrencies being used in any honest economic activity, other than speculation.

> Bitcoin has smart contracting

Yes, but my understanding is that Ethereum can handle much more complex contracts.