For me, it's because the hype isn't around the technology (which is the interesting part and for the most part, why we're on HN), it's around the speculation. From the outside, looks like a bunch of gamblers constantly getting each other off on whether their bets will make them millionares.
But also try taking a step back: why are they gambling? Sure, greed is ever-present in human history—that's a given. But also listen to the doubt in the present establishment. I know what it's like to be poor and what the banks do to you in that state. It doesn't surprise me in the slightest that there's so much being thrown at it. The chances of and potential returns are almost guaranteed better than a savings account. That's a problem, isn't it?
Yes. And I'd add the "hype" around speculation works both ways, coming from mainly from two camps:
- those who care only about making money
- those who care only about seeing crypto fail
OTOH, the excitement and bustling activity around the actual technology is largely ignored by the mainstream media, and seems also conspicuously-absent here.
Many are not aware such a vibrant developmental ecosystem - with altruistic and exploratory goals far removed from a demented push to "make money" - even exists.
halfmatthalfcat|4 years ago
It's just...sad...at a level.
52-6F-62|4 years ago
But also try taking a step back: why are they gambling? Sure, greed is ever-present in human history—that's a given. But also listen to the doubt in the present establishment. I know what it's like to be poor and what the banks do to you in that state. It doesn't surprise me in the slightest that there's so much being thrown at it. The chances of and potential returns are almost guaranteed better than a savings account. That's a problem, isn't it?
argvargc|4 years ago
- those who care only about making money
- those who care only about seeing crypto fail
OTOH, the excitement and bustling activity around the actual technology is largely ignored by the mainstream media, and seems also conspicuously-absent here.
Many are not aware such a vibrant developmental ecosystem - with altruistic and exploratory goals far removed from a demented push to "make money" - even exists.
kjakm|4 years ago
tippytippytango|4 years ago