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Posted by ibobev 22 hours ago

Crypto in 2026: Oh, This Is the Bad Place(www.stephendiehl.com)
397 points | 497 commentspage 7
mistrial9 19 hours ago|
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flammafex 16 hours ago||
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testfrequency 21 hours ago||
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dang 13 hours ago||
Can you please not post like this to HN? It's against quite a few of the site guidelines, including:

"Eschew flamebait. Avoid generic tangents."

"Please don't fulminate."

If you'd please review https://news.ycombinator.com/newsguidelines.html and stick to the rules when posting here, we'd appreciate it.

testfrequency 13 hours ago||
Ack. Apologies.

Crypto crowd makes me irrationally upset, shouldn’t air my feeling out on HN.

LearnYouALisp 18 hours ago|||
Sure, but what is the scale vs what has been done with Pan/Sui etc. by Alph, Amaz, others?
pb8226 21 hours ago||
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retired 21 hours ago||
The global stock market has been outperforming Bitcoin for a while now.
rvz 21 hours ago||
I think we have a clear idea on what sort of crypto is useful (stablecoins) and which ones are not (memecoins, Bitcoin).

As we have seen with Stripe [0], Shopify [1], PayPal [2] and many others have all figured out its utility is in stablecoins like USDC, which you can send them worldwide, same day, 24/7 in seconds close to $0 with no room for speculation and pay for things and soon agents will do the same. [3]

We get that the author is still upset about Cardano ruining his own crypto startup (Adjoint Inc.) in 2017, but I think we are way past the "crypto is scam" chantings and the companies that I mentioned would agree.

[0] https://stripe.com/en-es/payment-method/stablecoins-and-cryp...

[1] https://www.shopify.com/news/stablecoins-on-shopify

[2] https://www.paypal.com/us/digital-wallet/manage-money/crypto...

[3] https://tempo.xyz/

yfontana 20 hours ago||
I bet the first failure of a large stablecoin will be fun (for external onlookers at least).
blenklo 21 hours ago||
Only virtual fiat is useful everything is garbage.

The stable coins in question are absolut idiotic. You can't just have billions and trillions of dollars/euros/fiat in some bank and not do anything with it while everyone else is using your stable coins.

It motivates these companes to invest the fiat they have to hold, which adds risk which wasn't there before.

Just make it a real digital fiat from central banks.

But than what did you win? Instead of having your banking ssystem in place with certifications, bank licenses etc. you have nothing to replace it with just bare digital fiat.

Smart contracts don't work.

Now what? a new whole parallel ecosystem? For what?

sim04ful 16 hours ago||
I simply cannot see how crypto can go mainstream without first solving the on-ramp experience.
keiferski 21 hours ago|
It is really striking how technologists keep disregarding any aspect of ethics, philosophy, proper usage, etc. and just focus entirely on the technology itself. Cryptocurrency, AI, social media, on and on.

I used to think it was merely an innocent ignorance, just a soft subject that technologists weren’t familiar with. But anymore it seems like actively hostile to me, a kind of blind belief in the idea that technological problems will just be magically solved by adding more technology.

simonra 17 hours ago||
What would drive a love of technology over ones peers in the formative years? And when society further obstructs the path to working with one's interests by further exposure to the peer group and its passions, why would the society become beloved by the individual? People demonstrably cannot be put on the path of caring for others without being showed that they are seen and cared about themselves, and no intro to philosophy, or ethincs for graduates course, has ever focused on that aspect.

Not to say that all who love technology are outcasts, but hoping for reaching the ones behaving problematically by talking about the academic sport of philosophy or related disciplines doesn't seem effective if the goal is more pro-social behaviour.

groceries8192 19 hours ago|||
Technological nihilism, in a way. The displacement of the philosophical foundations of science and western civilization in the last hundred plus years is still becoming manifest. We've been coasting on the fumes for a long time!
tencentshill 11 hours ago|||
if everyone was surveilled all the time, real, harmful crime would drop. That assumes that every person doing the surveilling is completely unflawed and the law is a perfect, 100% just computer program. Deluded idealists is a charitable descriptor.

https://www.forbes.com/sites/thomasbrewster/2025/09/03/ai-st...

chasd00 18 hours ago||
nerds gonna nerd i guess..
keiferski 18 hours ago||
I don't know, I think philosophy can be pretty nerdy.