←back to thread

Ask HN: Do you still think public blockchains/stablecoins are useless/a scam?

5 points spir | 1 comments | 04 Dec 25 06:25 UTC | HN request time: 0.2s | source

Two and a half years ago I submitted "Warn HN: I've never seen the HN community so delusional about a major tech area" https://news.ycombinator.com/item?id=35172767

Since then, many corporations, governments, Wall St, and central banks have begun adopting public blockchains, especially Ethereum, and stablecoins.

Hacker News has been almost 100% anti-crypto/public blockchains/stablecoins for years.

In light of recent progress, has your view changed?

1. emmasuntech ◴[04 Dec 25 07:01 UTC] No.46144617[source]▶
I don’t think they’re useless, but most of the hype was. Stablecoins clearly solved a real cross-border settlement problem, and some public chains found niche but legitimate use cases. But the majority of crypto projects were still scams or unnecessary. My view is basically: useful at the infrastructure layer, mostly noise at the application layer.