Well, "crypto" is just Ponzi scams. The more interesting question is why is HN so anti-bitcoin? Looks like they don't get how harmful fiat money is to society and the environment.
One reason might be that HN is just too woke. Probably you even get censored here for saying that men are not women.
The Lightning Network is decentralised because it is trustless and permissionless. Anyone can send Bitcoins instantly and almost for free. Check out the code to convince yourself.
Bitcoin is very effective environmental activism. It makes renewables more profitable because it offers a base price for excess energy. Any place, 24/7.
Bitcoin is very effective environmental activism. It accelerates our transition to renewable energies. Bitcoin makes renewable energy sources more profitable because it offers a base price for excess electricity. Any time, any place.
And Bitcoin incentivises having a low time preference. This leads to a much more sustainable consumer behaviour. Bitcoin helps us move away from the mentality of a throw-away society.
It took me quite a while to understand what Bitcoin is about. Of course, decentralised systems are exciting tech, but what's really interesting is that Bitcoin focuses attention onto fundamental questions of society:
- How can we transport value through space at the speed of light?
- How can we transport value through time?
- How can we protect our life savings from inflation?
- How can we develop a free market of currencies which solves the issues of centrally controlled currencies?
- How can we align incentives such that we stop consuming low quality products that produce lots of waste and start valuing high quality products that last for decades?
- In general: How can we, as a society, enjoy the benefits of a low time preference?
Such questions are the reason why I believe Bitcoin is one of the most disruptive technologies of our century.
A lot of renewable energy is wasted because it is produced at the wrong time or/and at the wrong place. Bitcoin pays a base price for such excess energy. Anywhere. Anytime.
What outperforms Bitcoin in terms of decentralization, scalability, and resilience?