The site guidelines are available for your reference: https://news.ycombinator.com/newsguidelines.html
What you seem to be saying is that the market participants are idiots and are in a state of mania, and that you somehow "know better" than them. This is equally bad, maybe HN rules should add this in too, because the condescension is tiresome.
I'm not sure why you felt the need to "caution" me about the way I write my posts on here and point me to the rules, but I'll have you know that the "fake points" I gained were a (large) order of magnitude greater than the "flagged" posts.
Have a nice day.
Speculative mania doesn’t mean participants are idiots it just means they’re playing musical chairs, and once the music stops whoever’s left without a chair is left with nothing. And yeah some people get swept up through confirmation bias, seeing number go up and convincing themselves there’s something where nothing exists. Those will be the ones most likely left without a chair.
As for “knowing better” I have my theories which I back with evidence.
I’m not into keeping score here just saying net karma of 0 is not the objective per se, I’m pointing out your post was clearly not in the letter or spirit of the site rules, this isn’t Reddit.
It’s been 13 years now and even the most hardcore blockchain enthusiasts have been unable to point to a single measurable concrete thing achieved better with blockchain that a classical solution. Not one and no path in sight. Only number go up and money laundering? 13 years of time from some of the smartest most ambitious and optimistic folks in all of the tech world. And nothing.
