[TheColorYellow]

Most people on HN here don't have a clue of what they are talking about, whether it is financial market regulation or cryptocurrency or blockchain technology.

What makes this topic difficult to approach is the degree of complex issues which surrounds it. We are looking at the intersection of technology innovation, the long-standing failure of institutional and market mechanisms, and combined with a bleak macroeconomic context.

Most people here should take a good reminder that they actually aren't experts in everything.

[thomassmith65]

This community has been discussing crypto since 2009 (four months after 'Satoshi' mined the genesis block) https://news.ycombinator.com/item?id=599852

It may still be true that "most people" here don't have a clue about it, but it's a hollow criticism since far more have a clue here than elsewhere.

[dropnerd]

you can be epicly early and epicly wrong. in that very thread:

> Well this is an exceptionally cute idea, but there is absolutely no way that anyone is going to have any faith in this currency.

[thomassmith65]

I checked the history of the user who left that comment; it shows recent posts about crypto, too. That's thirteen years of following the subject.

The claim in the parent post, roughly, is that the HN community is clueless about crypto and economics. In reality, HN had a large hand in popularizing crypto, and criticism here often is based on experience rather than ignorance.