There are constantly HN commenters on a crusade to extol and defend the alleged virtues of various "crypto" projects. We could accuse these folks of having a "bias against government-backed currency".
Perhaps HN has a bias _for_ true stories of fraud, corruption and crime rather than a bias _against_ all crypto projects.
Crypto sector has many libraries that power it too with extremely active discussions in other tech forums, and thats totally missing from HN in favor of discussion of random mismanaged businesses and phishing attacks as representative of the entire concept of crypto. When that’s further from reality, as the tooling has improved a lot and is constantly evolving. There are many best practices that are actively discussed and worked on, elsewhere.
While the crowd on HN peculiarly acts completely segregated from that with a blissful ignorance filled with glee over frauds in the crypto sector, an extremely strange and impossibly different standard then how everything else is discussed.
The major difference seems to be that there doesn’t seem to be anything in the entire crypto industry that isn’t fraud or crime. And a lot of vague promises that typically turn out to be just more fraud in a year or two. It’s not prejudice if it’s true.
the governance proposals don’t have anything to do with fraud, crime, vague promises
the software standards don’t have anything to do with fraud, crime, vague promises
same for nodes, consensus mechanisms, package management, type safety, languages, operator instructions, smart contract auditing space, financial auditing and transparency space, block and transaction indexing, legislation that leverages the technology to reduce redundancy, and the list goes on
its an approach and what I would expect to see on HN more often regarding the crypto asset space
I think vague promises is exactly how you could sum up most crypto-related libraries as well. There’s supposedly some useful usecase, but right now it only contributes to North Korean nuclear program.
I am downvoting you for your purely BS hyperbole. FYI, here are a few examples of what's not fraud in crypto industry.
1. Bitcoin. There are 11 BTC ETFs approved by SEC.
2. Ethereum. Many ETH ETFs are on the way to be approved
3. Stablecoins. Circle foundation issues billions of USDC and is closely affiliated with wall street and USG
4. ZK technology (pure research in many premier universities)
3. Tether totally has $110+B in holdings, though they’ve never produced a financial audit and they try to pass off attestations and non-financial audits as such to believers. Both times they’ve been forced to open their books, they turned out to be unbacked. Also, Circle and Tether are centralized entities who have full control of their currency and can and will censor transactions and block accounts, just like a regular bank.
4. Sure, cool, but is it actually used for anything anywhere or is that more of a “vague distraction”
On the other hand, building and paying for (in resources and time) two websites against crypto, buulding your entire social media persona around it and being recognizable by name for that effort, you will have to agree is a couple orders of magnitude more effort and "involvement" in a cause, compared to a disinterested anonymous coward like me.
