Comments on other internet sources I follow are mostly mixed bag of beans, however here they are prevalently salty when it comes to crypto and every time I stumble upon topic like this I wonder why. I was expecting that HN audience sees blockchain tech and bitcoin for what it is, and unique capabilities it offers, beyond "omg its a ponzi scheme!!11!" narrative.
I'm really curious why that annoys you? As I mentioned earlier, almost any emerging technology will go through period of instability, and with bitcoin and its speculative nature this is certainly the case. And there are people that are ready to ride that wave.
Bitcoin is here to stay. You're mixing up shitcoins and other ponzi-like schemes.
As with any new & emerging technology, blockchain ecosystem hosts various (intentional or unintentional) FUD and malicious coins that are backed by nothing and often run in a ponzi scheme manner. These coins will eventually crash and disappear.
Bitcoin's intrinsic values are similar to other asset classes, plus, its also decentralized and censorship resistant.