Re:Ask HN: Am I going insane or is there genuinely no value ...
by armada651 on Saturday April 23, 2022 @06:35AM
(#31132968)
> In fact it is not clear who benefits if it gets "adapted", whatever that means.
People who hold cryptocurrency benefit from increased demand and hype around it. It drives up the value of their assets even if indirectly.
Not everyone may even be aware that they have this conflict of interest. They may genuinely buy into the hype, which is why they hold cryptocurrency in the first place. However as always we should be skeptical of technology advice from people who stand to make money from you choosing one technology over the other.
Re:Ask HN: Am I going insane or is there genuinely no value ...
by gravitycorn on Saturday April 23, 2022 @08:52AM
(#31133828)
Adaption benefits those who adapted earlier.
It’s always funny to see early adopters’ criticisms of inflation politics and power to the 99% rhetoric when all they want to do is flip the curve around and apply the same “upward distribution” to their monetary system, but in reverse (timewise) and worse (distribution wise).
It just seems collective delusion in pushing the technology by people who have little stake in it if at all, and sensible people have just given up trying to point out that it is vapourware, but the attention seems to be increasing year on year if anything...