Yeah it's because HN is engineering focused, and somehow "crypto" is not supposed to be upheld to the same standards as everything else. Everything is always a few years away, mass adoption right around the corner, killer apps and new paradigms of finance, you just have to wait a bit, we're almost there. But nothing of value has been created in a decade.
In my mind it has one good use, darknet markets, but that doesn't justify this whole nonsensical ecosystem somehow worth billions of dollars around it which does basically nothing, apart from being a huge casino. Cryptocurrencies have worked fine before all the finance bros and gurus came in and hijacked the whole space.
i think its much bigger than darknet. the crypto world brings together a mix of libertarianists and high risk investors. banking is one of the most hated industries and crypto seems to give it good competition. also a lot of bureocracy can be dealt with efficiently with smart contracts
In my mind it has one good use, darknet markets, but that doesn't justify this whole nonsensical ecosystem somehow worth billions of dollars around it which does basically nothing, apart from being a huge casino. Cryptocurrencies have worked fine before all the finance bros and gurus came in and hijacked the whole space.