[syllable_studio]

I don't agree with this assessment at all. I think the immense value of bitcoin and other technologically advanced, secure, decentralized networks comes from the detailed network communications which they enable. They allow global financial transactions through a powerful medium in a way that has never existed before. This has nothing to do with baseball cards. The fact that decentralized networks enable NFTs and collectibles is a small subset of the value and power of decentralized networks.

The network is the value. To me, this is what bitcoin is. https://medium.com/the-capital/the-network-is-the-value-an-e...

[dehrmann]

You're conflating the value of blockchains with the value of bitcoin. A bet on bitcoin is a bet that more people will want bitcoins, so the price goes up. This trades a lot like baseball cards that random drug dealers also accept. A bet on blockchain tech is that someone finds a use case for it that isn't a solution in search of a problem.

[agumonkey]

what if decentralized monetary network ends up having the same effect on communication and social relationship as internet did ? are we becoming degen gig economists ?

[_9omd]

Exactly, cryptocurrency is a powerful human coordination tool that allows us to build networks that contain real monetary value on top of legacy infrastructure. I'm not surprised to see this on the front page, hacker news has taken misrepresenting Bitcoin to a professional level.