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My hate is based on how useless it is and how completely goes against the ideas being claimed for it.

It is capitalism at its maximum exponent and the only thing that managed to do is more wealth concentration (of USD BTW)



> how useless it is

Very often on HN, we see new stories about how Payment Provider X stole $$$ from some individual/group/business, ruining their lives. Or we see governments blocking bank accounts from doubleplusungood protesters.

I cannot understand how people see this kind of thing happen all of the time and then rationalize that there's no conceivable use cases for crypto.


There's also stories about lost wallets, crypto scams, contracts gone wrong, damage to the environment, shortage of chips and graphic cards, and so on.

To put it short: web2 is bad, web3 is worse.




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