1) The energy consumption of bitcoin mining alone is estimated to have reached the levels of entire countries (Argentina was the latest country I've heard it being compared to), while actual usage of bitcoin (except for speculation) is still a fringe niche thing
2) When shown that the coins do not scale, instead of moving on to an improved version, those coins continue to grow. Instead of 'okay, proof of concept done, it does not scale, let's move on to an improved version', the bonanza just continues.
There are probably more reasons like these, but I think it would be straight-up weird if the technically versed audience of HN would disregard the reasons above as much as the current crypto-markets do.
1) The energy consumption of bitcoin mining alone is estimated to have reached the levels of entire countries (Argentina was the latest country I've heard it being compared to), while actual usage of bitcoin (except for speculation) is still a fringe niche thing
2) When shown that the coins do not scale, instead of moving on to an improved version, those coins continue to grow. Instead of 'okay, proof of concept done, it does not scale, let's move on to an improved version', the bonanza just continues.
There are probably more reasons like these, but I think it would be straight-up weird if the technically versed audience of HN would disregard the reasons above as much as the current crypto-markets do.