[simias]

Bitcoin is barely a currency. Its deflationary nature is the main reason it's been somewhat successful so far (because it rewards early adopters) but it's also be its demise (because nobody wants to spend a "currency" today that's by design going to be more valuable tomorrow).

Cryptocurrencies is what happens when libertarian techbros try do "disrupt" basic financial systems without taking the time to figure out how it's really working.

Those who don't learn from history are doomed to repeat it. Peaple saying that embracing bitcoin is going to create a fairest world for all are either deluded or trying to sell you something.

In 2017 hundreds of projects (be it premined coins or "ICOs") got literally billions of dollars for all sorts of revolutionary projects. What are the results? Where's the revolution? Why am I know posting on HN through the blockchain?

11 years on and still no use case besides pyramid schemes and buying drugs online. Great job folks.

[seibelj]

MakerDAO, Synthetix, Cosmos, Polkadot... all of these are working and did ICOs. Ethereum itself was an ICO. Crypto is wildly successful by any metric.