Watching Hacker News completely miss Bitcoin has been a fairly interesting experience over the last 12 or so years.
In part I think their anger is related to the collapsing returns within tech industry itself. "Silicon Valley Life" was the former gold rush that is now sunsetting....the industry has metastasized into a handful of kingdoms and growth is falling into traditional late-stage growth curves.
They should have seen it coming - and they know that. The internet developing its own native currency that displaces traditional system was an obvious tech development, but somehow they missed it.
But there is another - deeper change - that has happen. The "tech industry" itself has moved from being a very libertarian place in late 80s / 90s - to now a deeply state worshiping place. It’s quite ironic (and they seem completely blind to it) that 99% of the tech they worship, was developed out of a mistrust of central authorities.
