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Re:When Bitcoin plunges, Buttcoin cheers: the community pray... by rvz on Friday September 09, 2022 @06:00AM (#32777368)
A cult praying for the end of all of crypto. When Bitcoin goes up, the Bitcoin maximalists cheer. There is no difference between the fundamental cultism between the two.
Re:When Bitcoin plunges, Buttcoin cheers: the community pray... by sph on Friday September 09, 2022 @10:49AM (#32779942)
One side feels more righteous because "Bitcoin wastes energy and if you care about climate, you should pray for crypto to crash tomorrow."

It's a valid concern taken to such extreme that it's used as a political slogan anyone can hide behind and forces laymen to pick a side, it's the tech equivalent of putting your fingers in your ears and shouting "I can't hear you! Bitcoin causes climate change!" If you hate climate change, you MUST hate Bitcoin or you're an hypocrite.

The discourse has fallen off a cliff on the side of maximalists and cryptohaters alike. It's just idiots shouting at each other and probably one of the biggest intellectual voids on HN today: there is no intelligent discussion about crypto that can be made in here since 2018 or so when they all decided to pick a side and turn their brains off.

Whatever happened to "intellectual curiosity" and hacker spirit? Sign of the times I guess.

Re:When Bitcoin plunges, Buttcoin cheers: the community pray... by throw101010 on Friday September 09, 2022 @10:11AM (#32779464)
One side is trying to build something, agree with them or not, they put work into something they believe in, based on computer science/cryptography/technology and they contribute to these fields.

The other is wishing the destruction of the builders goal (and at times the builders themselves for the most extreme "cultists")... seems like a fundamental difference.

Re:When Bitcoin plunges, Buttcoin cheers: the community pray... by computerfriend on Friday September 09, 2022 @06:19AM (#32777497)
One is long and the other is short.
Re:When Bitcoin plunges, Buttcoin cheers: the community pray... by cypress66 on Friday September 09, 2022 @07:29AM (#32777899)
People in buttcoin are definitely not short. The only reward they get if bitcoin performs poorly is schadenfreude.
Re:When Bitcoin plunges, Buttcoin cheers: the community pray... by rvz on Friday September 09, 2022 @08:11AM (#32778157)
The end of all crypto and the 100% collapse of all cryptocurrencies, and projects constantly parroted by the extreme anti-crypto crowd for years has been greatly exaggerated. Otherwise it would have happened already.

It is no different or delusional to the crypto maximalists also parroting their alternative belief that all cryptocurrencies and projects will replace the current financial system.

Whether if one is long and the other is short is beside the point since you after the 'end' of crypto which should have happened a long time ago. Both of these absolutist camps are unrealistic in their ultimate end goals.

The only absolute is that there is none. Only some cryptocurrencies and projects will survive, and not all of them will.