U.S. Secret Service Launches Cryptocurrency Awareness Hub
I’m blown away by how anti-crypto this discussion is. I hadn’t realized how negative the prevailing sentiment is on Hacker News.<p>One argument seems to be that cryptocurrency is purely speculative, which is apparently a dirty word. What about the stock market? What about any kind of investment? If you truly believe that cryptocurrency is the basis for a superior economic system, isn’t it rational and wise to put some of your savings there?<p>Another argument is that crypto enables ransomware attacks. This to me sounds akin to saying “encryption enables child exploitation”. I.e. it focuses on one abhorrent element of society that would take place no matter what and blames its existence on a system which has great potential for good, a kind of propagandist thinking.<p>Another argument is that Banks will be hurt by crypto. Good! Any epochal transition can be tumultuous, but in my view disrupting the basis of the greatest wealth inequality known to history is a good start. We’re not talking about “banks” that operate on a local or regional basis — these can adapt to using new technology and serve the same people — we’re talking about multinational Banks which went beyond skimming the cream long ago and don’t aparently have people’s best interests in mind.