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by 1337biz 1200 days ago
The HN moral judgement cycle is in overdrive again. There seems a genuine distain for people that make money based on speculation.
3 comments

HN is mostly about statups, basically speculation of product and potential market value. Many of us make our livings on speculation.

I think you'll find it's more the case the people here are a) educated on how the technology literally works b) educated on how product as it applies adoption literally works c) able to think abstractly about market need.

NFT as a technology and product... use case is... incredibly small.

Uniswap does massive amounts of volume per day and their entire product is built on NFTs as liquidity positions. I would say that use case is far from 'incredibly small'.
HN has disdain for grifters and scammers. You are confusing them with speculators.
That is the case with every market that is not (yet) fully governmental regulated. Full of scams, dirt and some people who are able to navigate these waters to get incredibly rich.
Perhaps, but the legit new markets have real value to them aside from just being a conduit for grifting.
I think the disdain is for things that appear to be little more than a grift.