But let me guess, if I press you on this I'm going to get banned in a week or so for such and such reason.
something something assume good faith?
Sure, but it always feels like the other person started it and did worse—so everybody always argues that.*
Let's assume you are right and the other person is wrong. Posting an unsubstantive snark is the worst way to respond. It poisons the atmosphere, evokes worse from others, and ultimately discredits your own position (which, if you're right, means you're discrediting the truth—and that hurts everyone**).
What you should do instead is one of the following:
(1) respectfully provide correct information, so we can all learn; or
(2) chalk it up to the internet being wrong about everything and just move on.
* https://hn.algolia.com/?dateRange=all&page=0&prefix=false&qu...
** https://hn.algolia.com/?dateRange=all&page=0&prefix=true&sor...
What's happened here is my assumption of good faith with a question got turned into a warning by the mod because they, themselves, did not assume good faith on my part.
So the question becomes, are those guidelines taken seriously by the moderators of this site or not?
If they are, then maybe admit to your error and lets all just move on.
Ironically, the sort of legalistic pleading you're resorting to is a sign of a lack of the good faith you're claiming. So is the style of your reply sequence: never admit or accept a thing, never address what the other person says, and simply bring up a new argument every time. These are troll tactics, whether you're using them that way intentionally or not (https://hn.algolia.com/?dateRange=all&page=0&prefix=true&sor...), and part of how we moderate HN is not to dance that way.
You jumped the gun and have caused more issues than you've avoided. Your warning was more about preparation to ban me than anything related to the actual conversation.
I get it. I understand. Just do it now if you're so inclined, it will save both our time.
Re the word 'troll': I can't blame you if you don't want to look through a bunch of old moderation comments, but the link I provided points to a thwack of explanations of how precisely we use that word. It doesn't have to do with impugning someone's intent (which we have no way of knowing); it has to do with the effects that certain kinds of posts tend to have on the threads (which we have plenty of ways of knowing, as they are externally observable). I'm not accusing you, by implication or otherwise, of anything more than making such a post. That's why I asked you not to do that!
What exactly did he do that was a "strawman"? Why are you so angry? It was an interesting comment thread, and then you are acting as if persecuted by the other commenter and HN moderators.
I asked if they understood my actual point because I was never denying that gold had speculation, but that when that speculation collapses gold still has value due to it's application in the physical world.
They obviously misunderstood me.
The value of gold is protected by the fact that the majority of it's holdings (at least, according to this[1]) aren't used for speculation. Still, a good chunk of them are, which means there can be pretty huge swings and it's considered a poor investment.
Have tried to say the inherent value of a dollar is because it's backed by the U.S. military, but fundamentally, it's the same reason. Dollars aren't held as speculative assets. The poor returns from the dollar are one of the reasons why people push other investments. If currency does enter into speculative territory, bad things can (and do) happen. See Hot Money[2].
Anything, even if it has inherent value, can be extremely dangerous when there's a large number of speculators. Because no matter the value, speculation can drive the price much, much higher. And it's a snowballing effect - the more an asset rises, the more people want to buy it for speculative reasons, and the more people buy it the more it rises.
And then any inherent value (if it even exists) looses significance - you're in a game of chicken with the other investors, trying to both hold on as long as you can and get out before everyone else does. The winner gets the fortune, the loser is left holding the bag.
The thing is, almost everyone in the crypto space seems interested in speculation. It might be speculation + decentralized voting rights or speculation + digital ownership, but speculation is always at the heart of it. The idea that if you get in early you'll be able to cash out for a big profit. Of course a space almost entirely driven by speculation is going to be inherently dangerous and unstable, and the "opportunities" are the same type as those of a casino.
[1] https://en.wikipedia.org/wiki/Gold_holdings [2] https://en.wikipedia.org/wiki/Hot_money