It seems plausible, although I don't know for sure.
You have options. One is simply to take your lumps and join in with the community. Submit items, comment in threads, etc., remembering that the HN crowd punishes content-free comments like "Me Too" or "Great Post", but can reward new insight and new information
Another is to register with a new, fresh account and start over with 1 point of karma. If necessary you can always return to this account when you have something really good to contribute, and this resurrect it.