Ask HN: Why does blockchain get so much hate here?

Re:Ask HN: Why does blockchain get so much hate here? by teapot01 on Monday April 02, 2018 @07:19AM (#16733646)

I think there is a question of terminology here, Blockchain is a concept, Cryptocurrency is an application of that concept.

I imagine there are few people on HN who hate blockchain, it is a useful concept and forms the basis for some very useful technologies i.e. Git version control.

I imagine there are a whole range of reasons for negativity toward Cryptocurrency/Cryptoassets on HN. Personally I think the enormous number of new ICO and currencies being made available is purely driven by greed and fraud. While I see bitcoin and other major coins representing a great new application of the technology, I think it's been over-hyped to the point where I just tune it out.

TL;DR: Crypto != Blockchain. People hate Crypto for many reasons.

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Re:Ask HN: Why does blockchain get so much hate here? by teapot01 on Monday April 02, 2018 @07:21AM (#16733653)

One more thing.

Shoehorning new applications of Blockchain concepts into every new conceivable application, especially where the key advantages, i.e. decentralised trust, distributed consensus are not needed also causes a great deal of hate. But so it should.

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Re:Ask HN: Why does blockchain get so much hate here? by zzzzzzzza on Monday April 02, 2018 @10:34AM (#16734783)

wait, what? Blockchain doesn't form the basis of git version control! What are you smoking?

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