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I don't know if you've realized this, but HN is religiously against crypto and anything that rhymes with it. Like, irrationally mad.

If you want to explore the utility of crypto go check out different online communities that focus on that, some decent ones on reddit. The level of discussion on HN is usually "crypto baaad, centralized goood". As an economist I'm sure you expect more. Unless you want those ideas reinforced, keep the discussion here!



You have a valid point, but I just don't have the strength in me to do the original research.

I rather like the level of discourse on HN in general - it's not unusual to find someone providing a high-level though-out response on various subjects. Asking the right question is also hard, but not as hard.


I think you are conflating bad with unjustified. They aren’t the same but can appear similarly themed. HN is skeptical of the utility and validity of crypto.


That's what I thought too! But no - HN is against crypto at the moral level. One day the almighty father Paul Krugman declared crypto as thought-crime, and ever since, progressives have dutifully towed that line. It's tiring.

I think they subconsciously see it as an attack on state-sovereignty or something like that. The ability to tax and redistribute. That's just me reading between the lines.




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