Top all-time · #8247
Vijay Boyapati
Personal blog · vijayboyapati.medium.comeconomicsbusiness
Vijay Boyapati's personal blog at vijayboyapati.medium.com covers economics and business. Since 2020, 10 different Hacker News readers have linked it 12 times, most often “The Bullish Case for Bitcoin”. The last post was in 2018, but the archive is still widely read.
Too few sampled comments (9) to say how often HN recommends it.?
Why HN links it
Medium posts by Vijay Boyapati arguing the case for Bitcoin, including a 2018 piece on the bullish case. HN commenters cite them when discussing Bitcoin's store-of-value status, scaling and energy use.
Summarised by Claude from a sample of 9 HN comments that link here. Each comment is marked recommending, critical or neutral (citing without judging); how this works.
Most-linked posts?
- The Bullish Case for Bitcoin10 people · 12 mentions · first linked 2020-12-06
What Hacker News says?
Running out of reply nesting levels so responding to your latest comment here. For its current purpose (store of value, so not an every day payment currency), Bitcoin does scale. Should for some reason miners be unable to gain access to more energy in the physical world, the protocol automatically adjusts the difficulty. Scaling transactions has no relation to energy usage, only mining does. As for its energy usage,…
Comment linking /the-bullish-case-for-bitcoin-6ecc8bdecc1
on “It's time for us in the tech world to speak out about cryptocurrency”Submitted The Bullish Case for Bitcoin as a story · 4 points
HN discussionGraeme I've got the perfect article for you [1]. [1]: https://vijayboyapati.medium.com/the-bullish-case-for-bitcoi... Please let me know what you think
Comment linking /the-bullish-case-for-bitcoin-6ecc8bdecc1
on “Tesla buys $1.5B in Bitcoin, may accept it as payment in the future”Submitted The Bullish Case for Bitcoin as a story · 1 points
HN discussionThe only thing fiat currency across the world has proven is that it's subject to the whims of bureaucrats and has the theft of inflation built-in. Even the "best" fiat in the world like GBP and USD have seen their purchasing reduced drastically over the decades. I don't trust politicians to manage their money or economy well. But I do trust code and math that enforces decentralised consensus that can't be manipulate…
Comment linking /the-bullish-case-for-bitcoin-6ecc8bdecc1
on “Bitcoin is a Ponzi”Submitted The Bullish Case for Bitcoin (2018) as a story · 1 points
HN discussionSomeone was telling me that the general problem with HN is that they're all very technically capable, so they look at Bitcoin, understand it from a technical perspective (not always true) and deem it as inferior to other technical solutions, like a centralised database. The bit that's lacking is an understanding of money, and what makes certain types of money sound or unsound. It's easy to overlook the problems of f…
Comment linking /the-bullish-case-for-bitcoin-6ecc8bdecc1
on “Bitcoin is a Ponzi”I've seen similar arguments like this before, which of course have their own set of counter-points from the other side of the debate. Both sides are unverifiable because they're trying to predict the behaviour of complex interacting systems. We're in the middle of a big experiment and the only way to know for sure who is right is to wait and observe. I won't bother to respond to his core argument because it has been…
Comment linking /the-bullish-case-for-bitcoin-6ecc8bdecc1
on “Bitcoin is not a store of value”> I think that I see in my network of people that the more technically apt they are, the less they believe in it This is because they just see the blockchain as an inefficient database, rather than really understanding the problems Bitcoin solves and why Satoshi made the choices they did. There are important trade-offs between efficiency, redundancy, decentralisation, and robustness in an adversarial environment. Th…
Comment linking /the-bullish-case-for-bitcoin-6ecc8bdecc1
on “Ask HN: Why does cryptocurrency subjects on HN lack curious conversations?”Posts like these make it clear to me that the author does not really understand money, not Bitcoin. It's hard to reason about what Bitcoin's advantages are without first considering what the purpose of money is and the analysis from this article is mostly just sniping at the edges about some of the perceived flaws and not the actual usefulness which is the good part of the trade-off. For a better understanding of mo…
Comment linking /the-bullish-case-for-bitcoin-6ecc8bdecc1
on “Bitcoin still makes no sense”There's just one Bitcoin-network, and 21 million bitcoins. All other cryptocoins are fake, because they are replicas of the original invention. Bitcoin can't be copied, because a copy is by definition a violation of absolute scarcity, which Bitcoin invented. There are thousands of copies, which try to convince otherwise, but they'll lose their value over time. The energy requirement and limited supply means that no…
Comment linking /the-bullish-case-for-bitcoin-6ecc8bdecc1
on “Web3 is the big idea customers didn’t ask for?”Anyone answering this question for you is probably biased in either direction. You should do your own reading and decide for yourself. Here's a good article from 2018 that gives an argument on the bullish side: https://vijayboyapati.medium.com/the-bullish-case-for-bitcoi... , and here's a more bearish view: https://crypto-anonymous-2021.medium.com/the-bit-short-insid... .
Comment linking /the-bullish-case-for-bitcoin-6ecc8bdecc1
on “Ask HN: What is your strategy for significant passive income in 2021?”