[cloutchaser]

Every innovation has had this pattern of behaviour. Steam railways, dotcom bubble etc.

Part of new technology is many scammers entering it and exploiting the situation. Of course in many cases this isn't actually planned scamming, just taking risks in a new market and losing money.

What most here in this thread are basically arguing is blockchain is evil and shouldn't exist. Well, then neither should the internet or steam railways. It's shows a complete lack of understanding of human behaviour and history.

Really sad to see from the HN crowd. They are falling for the narrative built by people threatened by crypto, which is basically the people in power currently. Of course these are also the people against free speech. It's not an accident this is happening.

[nicbou]

There's nothing about railways or the dot com bubble that facilitate scams. New frontiers attract greedy people. Greedy people attract scammers.

However these eventually become regulated. Lawlessness was a bug that was progressively fixed. In the case of crypto, it's a feature.

> Of course these are also the people against free speech

Leave those strawmen alone. Be the HN user you want HN to have.