Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

It does make for strange bedfellows. Weird to see so much support for the traditional banking system and antipathy towards people advancing an alternative. Credit Suisse has a rap sheet a mile long.


I first heard about it at $250/btc, and I didn't invest then for the same reason I think it's bad now: the hype around it is exactly the same as every bubble I've heard about in history lessons, including the one in house prices and subprime mortgages leading up to the 2007 global financial crisis.


The fact that the current system has huge flaws doesn’t mean that any random alternative is superior to it. IMHO the current monetary/financial system is superior to everything that has ever been tried.

While it might be worth having a discussion about crypto using btc as a currency would be the digital equivalent of bottle caps in a post apocalyptic society. Dogecoin would make a better currency..




Consider applying for YC's Winter 2026 batch! Applications are open till Nov 10

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: