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

> this is how you refute bitcoin

I don’t need to refute cryptocurrency for the same reason the onus isn’t on me to disprove the existence of god.




Obviously you’re not under a moral obligation to make an argument, but what I think the OP means is if you want to actually convince people, and thus actually reduce the usage of cryptocurrency, then this is how you would do it.


The fact that I think that all cryptocurrencies are worthless in their current form does not mean that I need to convince people at large of this. (I may want to convince my friends, but my friends are generally already convinced.)

The religious argument (I must convert everyone!) resonates most strongly with current true believers. It is the same projection that many Prosperity Gospel Christians feel about atheists wanting to convert them.


> The fact that I think that all cryptocurrencies are worthless in their current form does not mean that I need to convince people at large of this.

How did you convince yourself of this ?

A thought is just an idea - it can come from reasoned analysis or irrational feelings.

What’s the basis for your thought that current cryptocurrencies are worthless ?


I've asked a lot of people what cryptocurrencies are good for, and read many articles on what people think cryptocurrencies are good for, and they never give a satisfactory answer. So: either I haven't asked the right people, or nobody has a good answer. My current prior is about 90% that a good use for cryptocurrency in their current form has yet to be invented, and may never be.

Answers I've seen:

- you can do various crimes.

- you can gamble in many ways.

- you can send cryptocurrency to people in places which have reliable electrical, computing and networking environments but no Western Union or equivalent, and they can use that in place of the local currency with other people who are similarly inclined. (Why you would want to do this is rarely specified.)

- you can have fun being part of competing/cooperating cults.


Regarding your third point, the argument I've heard for it that I sort of understand is if you're living under a crazy dictator (or other less than stable government) who has ruined the local currency and you have no other way to store or transfer your hard earned money. So you resort to crypto.


Is there a name for the phenomenon that just happened here? The GP was speaking from an principled/idealist perspective and you replied with a realpolitik perspective.

I see this a lot in discussions and parties mostly end up talking past each other.


I’d be interested in the name too because it seems to happen to me a lot


> I don’t need to refute cryptocurrency for the same reason the onus isn’t on me to disprove the existence of god.

If you believe Bitcoin is a terrible idea and/or will eventually be you obviously can abstain from it.

But if you feel significant portions of society are becoming trapped in it, and will reach an unfortunate end result, that is relevant to you. If you live in that shared society the failure of that idea will impact you. If you are concerned about the future impact on you, you have a reason to be concerned about refuting it.

If a bunch of people join a cult, I don't care. If a bunch of people join a cult, and believe that judgement day is at the end of 2022, that they will set fire to all the buildings and people in around them as a test, and their god/leader will protect the true believers leaving them unharmed, I do care. A lot.

So the question isn't do you have an obligation to correct everyone who is wrong. The question is, what are the consequences of the belief continuing to spread, and does it negatively/harmfuly impact society and me as a member.


I believe in the existence of bitcoin.




Consider applying for YC's Spring batch! Applications are open till Feb 11.

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

Search: