" There is no difference between investment and speculation. None at all. " ... yes, there is.

"But as a HN reader I would expect you to understand" ...

HN readers tend to have a high level of technical ability, and are very intelligent - but generally have a very limited understanding of finance and economics. Combined with some hubris, this makes for problems.

BTC is the intersection of this: super cool tech promulgated mostly by people who have not clue what a 'currency' is, and of course, the hustlers who do know but don't care.

BTC is a very neat idea, that won't work for anything, and ultimately, it's turned into a hustle.

I hope BTC fails because it's a massively stupid waste of time.

It's 'making people money' about as much as any other Ponzi scheme.

There are other fintech avenues to pursue that are better for everyone.