Ask HN: Does Anyone else working in a crypto company feel this is all a scam?
I don&#x27;t work in the cryptocurrency space, but I&#x27;ve been following it since close to the beginning, and my personal conclusion is that yes, the vast majority of what gets peddled today is a scam, and we desperately need to find a way to nuke it all from orbit.<p>Reposting one of my earlier comments [0]:<p>Like many people back then, I also found the whole proof-of-work &#x2F; blockchain concept to be interesting from a theoretical computer science &#x2F; distributed systems perspective.<p>But these days, I can&#x27;t help but think that we&#x27;ve inadvertently created a paperclip maximizer without even bothering to create an AGI first. Humans are the AGI, and we&#x27;re going to happily use more and more energy to play this stupid game for as long as it looks like there&#x27;s a profit to be made, even if the global outcome is to our own detriment.<p>If we want this mess to go away, we need to find a way to change the incentives globally.<p>[0] <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=30120880" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=30120880</a>