[prakashdep]

HN values things you can build with and ship. The negative sentiment isn't really about the underlying tech, it's about the ratio of speculation to actual utility.

Most crypto conversations still center around price, tokens, and "number go up." That doesn't land with a crowd that cares about solving real problems with software.

The tech underneath is interesting, though. ZKPs for privacy, programmable settlement, onchain identity. But those conversations get drowned out by the noise of yet another token launch or influencer pump.

The sentiment would shift if more projects shipped useful products first and tokenized later (or never). The crypto projects HN does respect (Signal adding MobileCoin, the ZKP work Google is doing) lead with the problem they solve, not the financial instrument they created.