Comment by avereveard

4 years ago

So, web3 regularly gets updated into the front page, only to be utterly trashed in the comments session.

What gives?

4 comments

avereveard

Reply
MBCook  4 years ago

There is a group of users here on HN that REALLY like cryptocurrency‘s and blockchains and such. Web3 seems to be the latest on that hype-train.

There is a different group here on HM that REALLY hates it all. It was interesting technologically but then it started producing more CO2 and using more energy than reasonably sized countries. It also seems to be the method du jour for scammers to take money from people. It’s almost single handedly enabled the ransomware industry.

And people like to shit on the current hot thing, deservedly or not.

So here we are.

codehalo  4 years ago

A lot of HN users were aware of bitcoin when it was worth pennies. Seeing it sitting at 50,000 dollars after trashing it created bitterness and cognitive dissonance.

I visit other sites where I can honestly say their users are honestly ignorant, given their lack of technical understanding. But here? This is sad to watch. If crypto/blockchain/web3 continues the current trajectory (or bitcoin goes to 100K), it will be worse, because the proud/bitter HN user will never admit to themselves that others can "get it" even though "I didn't get it".

  • api  4 years ago

    That’s not totally wrong but I’d put it differently. This site is home to a lot of people who work hard to try to do something useful. It inspires resentment to see people get rich by just holding a token. Makes you feel like a fool for trying to do useful work.

    I think the almost religious zeal makes it much worse. People win the lottery but they don’t claim to be geniuses or representatives of a shining new utopia for it. They just say they won the lottery.

    • codehalo  4 years ago

      I understand, but people get rich all the time holding stock like AAPL or TSLA. HN doesn't seem to have a problem with that. Some people see the future, do the research and risk it all on a stock or a cryptocurrency, some people take their last ten dollars blindly gamble on a lotto ticket or a cryptocurrency. How they earned the money they risk should be of no concern.