Your comment sums up pretty nicely why HN is against it: you're focused on the price, which is only tangentially connected to the technology. "But rich!" is a pretty shallow argument in the HN world.
I would like to point out that I'm in a category that I think many HNers are: I'm critical of Bitcoin, yet I hold some (been involved since 2010, when I mined). Most of my criticisms are legitimate even while the price is rising; again, price is tangential.
To be honest I'm not focused on the price - I too have held bitcoin for a long time. This was just my observation having been on HN for a very long time - it just seems the negativity around BC really spiked up in early 2018. As much as we like to think about the tech behind crypto, many users simply look at it as an investment and were pretty depressed when they didn't cash at the 20K high and were hoping for it to go even higher.
Comments
Your comment sums up pretty nicely why HN is against it: you're focused on the price, which is only tangentially connected to the technology. "But rich!" is a pretty shallow argument in the HN world.
I would like to point out that I'm in a category that I think many HNers are: I'm critical of Bitcoin, yet I hold some (been involved since 2010, when I mined). Most of my criticisms are legitimate even while the price is rising; again, price is tangential.
To be honest I'm not focused on the price - I too have held bitcoin for a long time. This was just my observation having been on HN for a very long time - it just seems the negativity around BC really spiked up in early 2018. As much as we like to think about the tech behind crypto, many users simply look at it as an investment and were pretty depressed when they didn't cash at the 20K high and were hoping for it to go even higher.
Alternative explanation: People just got sick of blockchain after the umpteenth Ponzi scheme makes it onto the frontpage.