Comment by 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".
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.
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.