Hacker News new | past | comments | ask | show | jobs | submit login

Honestly, this is just repulsive. Crypto has brought nearly zero benefits to society and has made income inequality even worse. Not to mention the environmental impact.

I don't see how any reasonable person can celebrate this. Ask yourself who is benefiting most from this.




Just because you don't see the benefits, it doesn't mean they are not there. You don't know how bitcoin affected people's life and how they use it.


You can't be more wrong.

If anything, from my personal experience, "crypto" brought financial resources to minorities, especially PoC in the US. Some of them would never had that chance in the traditional world if you identify to that cause.


Decentralization helps a lot of people who may be under government pressure/being monitored, for example if you’re an anti-government russian journalist, you’d ideally use crypto as they would be able to freeze your assets.

Lots of citizens of sanctioned countries aren’t able to use their credit/debit cards to shop online outside of their country, paying with crypto or even using something like a SolCard fixes that.

It’s also generally convenient, there’s no other realistic and accessible way to transfer any sum of money, whether $10 or $10M, for a $2 fee nearly instantly.


[flagged]


[flagged]


[flagged]


Adding onto this:

BTC also has a limit on top of the release schedule, there is a limited amount of BTC that can ever be minted/in circulation.




Join us for AI Startup School this June 16-17 in San Francisco!

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: