Skip to content

Comment on Cryptocurrency Is a Giant Ponzi Schemeparent

Comments

If you’re suggesting that we need garbage that exploits people to have things like eBay … well, let’s just say I don’t agree.

I'm suggesting that a large part of the phenomenon you're describing as "garbage that exploits people" is caused by the asymmetry of information found in new market technologies, and that as those technologies mature, those asymmetries dissipate. And that many market technologies we today recognize as good and wholesome started had that kind of bubble phenomenon when they first appeared.

Nope, it’s human nature.

AboutSource Built by g1lg1l

Hackerly is an independent reader for Hacker News, built on the public HN API. Not affiliated with Y Combinator.