HN isn’t wrong about everything. It was extremely bearing on Groupon in 2011. It was another thing where true believers would say that skeptics “just don’t get it”, but the HN critics had extremely cogent critiques that went without response. Google “Groupon Stock”, HN was
very correct.
VERY different from the anti-Dropbox sentiment of the famous Dropbox comment.
You also have Bill Gates, Warren Buffett, Charlie Munger, Nassim Taleb, Nouriel Roubini, all claiming Bitcoin is worthless. Some of the brightest minds in finance with impeccable and long track records.
Bitcoin has had 12 years and still has no real world use cases. By contrast the internet was instantly useful. Bitcoin has a monstrous cost in energy and money to maintain the network. The token backing BTC, Tether, is founded by con artists and was just revealed to not have had the backing they claim. BTC has been subjected to the same money money printing its advocates defy in fiat.
——
Check the results for Groupon: https://www.google.com/search?hl=en&ei=7H1SYMDVJKiYwbkPvqiEg...
VERY different from the anti-Dropbox sentiment of the famous Dropbox comment.
You also have Bill Gates, Warren Buffett, Charlie Munger, Nassim Taleb, Nouriel Roubini, all claiming Bitcoin is worthless. Some of the brightest minds in finance with impeccable and long track records.
Bitcoin has had 12 years and still has no real world use cases. By contrast the internet was instantly useful. Bitcoin has a monstrous cost in energy and money to maintain the network. The token backing BTC, Tether, is founded by con artists and was just revealed to not have had the backing they claim. BTC has been subjected to the same money money printing its advocates defy in fiat.
——
Check the results for Groupon: https://www.google.com/search?hl=en&ei=7H1SYMDVJKiYwbkPvqiEg...