Why is there so much hate against cryptocurrencies?

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For the night is dark and full of terrors

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Because everyone who thinks they can make a quick buck is flocking to them in droves, pushing the prices to incredibly distorted levels and then in the same minute tell me it has some sort of inherent value any less arbitrary than the USD or gold.

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Because the hype to fundamentals ratio is too high

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It's certainly waaaay more arbitrary than the USD

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Because they are a direct threat to Financial institutions.

Because Jamie hates them

Because no one understands them.

Because they're also a threat to VC

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