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>If most of HN readers call crypto a scam, then I’m out of HN.

Oh no. Whatever will we do without you.

On a serious note, I can’t speak for everybody but as it currently stands 99.99% of crypto are scams bent on “replacing something” but really end up doing nothing. And the .01% of crypto that aren’t scams/worthless are being used to buy drugs.

And as a last edit, there are so many buzzwords being thrown around in the cryptouniverse it makes my eyes bleed. “Stablecoin” is one of those.


> Oh no. Whatever will we do without you.

That's mean, and exactly the wrong way to respond to a question like this. Maybe you don't feel you owe better to the questioner. But you definitely owe better to the community you're presuming to represent here.

https://news.ycombinator.com/newsguidelines.html


> And the .01% of crypto that aren’t scams/worthless are being used to buy drugs.

fiat currency is being used to by drugs as well...

Is there no better measure for the utility of a currency than people actually using it to trade for things?

Now I start to wonder, when people first shifted from barter to currency, who were the early adopters? were they also criminals?

By the way I have no opinion about crypto one way or another. If it succeeds, cool. If it doesn't, cool.


>non-inflated currency

>bitcoin

Pick one.


> always inflating

> fixed number of Bitcoins

Don't think he needs to.


Google defines inflation as: “a general increase in prices and fall in the purchasing value of money“.

Let’s take a step back and remember how Bitcoin’s purchasing power has lost nearly $15,000 since its all-time high. So yes, he does need to.


Bitcoin is also worth almost exactly as much as it was worth a year ago.


The number of Bitcoins that currently exist is still increasing, at about 4% annually. They have an eventual cap (assuming that never gets hard-forked away) but for now they still mint 12.5 new bitcoins every 10 minutes.


Yea, I was looking into JS and maybe React to go along with it. You dont think the markets “saturated” with web devs atm? Just wondering what someone else thinks


Good advice, itll definitely be a summer project for me. Thanks


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