[casi]

I equally find it strange that people continue to come to hackernews- the Silicon Valley VC startup land - and can’t grasp that the infrastructure for programmable money might have some value. And write off p2p communication and coordination tools as zero-sum/ fraudulent games. And then wish for the government to ban other people’s jobs and hobby’s and communities because they don’t like it.

Blows my mind that people might spend their day coding, and night playing mmorpgs, and still not understand crypto. I guess we need better UX and storytellers.

[Jasper_]

Nobody has been able to tell me a single thing that this "programmable money" can do, despite having 12 years of gestation to think on it. Everyone just seems excited about the concept and assumes that because it's "natively programmable", it's somehow more useful than what we have right now, which is that we write programs which move around money.

And please don't reply with DeFi, that's not taking advantage of the inherent programmability of Bitcoin, it's just a marketplace based on failed economics.

[Hokusai]

> the infrastructure for programmable money might have some value

And it has, Central Banks are creating their own digital currencies for digital wallets. They aware based on real needs for speed, volume, security, trazability, etc.

> the infrastructure for programmable money might have some value

I think that people understand cryptocurrencies quite well, and from that knowledge comes the skepticism.

> wish for the government to ban other people’s jobs and hobby’s and communities because they don’t like it

I want it banned because people with unsofisticated knowledge of economics and technology are being scammed out of their money by snake oil salesmen. But, that is not needed. As soon as normal accounting guaratees are required it probably will call by its own weight.

I know people working hard jobs putting hard earned money into this scam trying too get money to better their lives. It breaks my heart to thing that they are being lied in such a way, this study suggests is all manipulation, and that is my experience with everything related to cryptocurrencies. The sooner it gets regulated the better.

[z3c0]

To give the original commenter some credit, they did warn us that they lack knowledge on the subject.

[FabHK]

You can easily (!) and efficiently (!) do "programmable money" without crypto[1]/blockchain/consensus (ie whatever Bitcoin and its descendants brought to the table), and guess what, people do.

> Blows my mind that people might spend their day coding, and night playing mmorpgs, and still not understand crypto.

Let's agree that you can lambast cryptocurrencies even despite understanding them, ok?

[1] with good old cryptography, of course, but without "crypto"