Hacker News new | ask | show | jobs
by vmception 1634 days ago
Genuine question, have you worked for any other startup over the last decade? The entire last decade was filled with the same questions, without the adjectives cryptocurrency or blockchain involved. It's all about excess liquidity, and of course it does laser focus on some industries. Good luck calling the top.
2 comments
stevage 1634 days ago
That is not true at all. Crypto stands alone in its ratio of effort and money invested to value produced. It has been around for so long, and almost nothing of actual use to society has come out of it. Other tech fads do not have this characteristic.
link
vmception 1634 days ago
What exactly are you refuting?

Are you … assuming I’m going to make a strawman argument and discrediting it before it occurs? Strawception? Is that where these comments are coming from?

link
pavlov 1634 days ago
Broad-brush crypto whataboutism strikes again.

“Maybe it’s a scam, but so is [central banking / the stock market / every other startup / etc.]”

You’re trying to gaslight the OP to believe that what they’re feeling is normal, but it’s not. In startups with real products and real users and actual growth, the mood is not “we’re just dumping tokens.”

link
version_five 1634 days ago
Well said. There is a big difference between reductionist arguments that everything could be a scam, and enterprises that contribute nothing but the potential to enrich the first people in.
link
vmception 1634 days ago
alternatively, stop diluting the word gaslight, or reserve it for one of the sister comment threads where its actually relevant

the questions OP asked have the same quizzical observations that had been levied at the whole tech startup scene for the last ... 14? ... years

its not different enough, a lot of people especially younger people may just be entering the workforce, so its a valid question if they've been exposed to anything else before

link
TearsInTheRain 1634 days ago
> In startups with real products and real users and actual growth

Thats a big caveat. Tons of startups dont have that and still consume billions in capital.

link
eoinboylan 1630 days ago
Billions in capital from accredited investors.
link