Re:Y Combinator will let founders receive funds in stablecoins
by groundzeros2015 on Tuesday February 03, 2026 @08:17PM
(#46880064)
I think HN is just getting more old and conservative (lowercase c) and is not interested in new things in this area.
We have people in this thread praising KYC.
Re:Y Combinator will let founders receive funds in stablecoins
by prussia on Tuesday February 03, 2026 @10:31PM
(#46881113)
The pendulum has swung a little too far that way, for sure. But when the so-called "cryptocurrency" industry either have business models that are barely concealed ponzis/rugpulls, or run their own "cryptocurrencies" that are only marginally better than a centralised database, it's hard to blame the critics.
Satoshi Nakamoto must be rolling in his grave.
Re:Y Combinator will let founders receive funds in stablecoins
by groundzeros2015 on Tuesday February 03, 2026 @11:21PM
(#46881428)
I agree, but that doesn’t make this comment correct.
Re:Y Combinator will let founders receive funds in stablecoins
by tombert on Wednesday February 04, 2026 @12:22AM
(#46881806)
A lot of us were victims of the FTX/Gemini Earn bullshit, where we were taken in by "stablecoins" and promises of safety only to have our stuff stolen.
You could say "bad apples" and fair enough, but even with that as a given, I haven't seen any utility out of cryptocurrency as a whole. I'm sure you can find to a nifty little tech demo for something, but I haven't seen any large adoption for cryptocurrency outside of a "greater fool" investment scheme or buying drugs.
Stablecoins are kind of a cute idea, but as I learned from the unregistered security scam from Gemini, they're basically just a farce.
It feels like the entirety of cryptocurrency, outside of being a thing people used to buy drugs, has been an example of Chesterton's Fence, with half of Silicon Valley in denial of this fact.