I wasted a year of my life working for a crypto company, I've actually committed code to Ethereum through the Geth project. I learned it's all a casino of completely useless money moving schemes.
What makes even ENS cool tech? The sole purpose of those .eth domains is to receive crypto, ohh and make the founders extremely wealthy. Why did they need to launch an ENS coin, other than to dump on the public when it was 5x the current price.
Please do not assume this. The people who criticize crypto generally know more than the people relentlessly shilling it. Do not mindlessly repeat the "few understand" trope
It seems as though, the majority of HN users haven't invested any time into understanding it. So they just label it bad.