For such a group of “hackers” they have an extreme aversion to hacking on their own alternative financial system. The ethos of the community has been co-opted by conformism.

Bitcoin is great, but could be improved upon. Some interesting cryptocoins out there. But there's an enormous amount of dead weight P&D tokens and shitcoins that turn a lot of folks off.

Plus there were a lot of businesses in the 2010s who decided to make some kind of centralized-bit-distributed-conensus version of some thing like supply chain. It's easy to be cynical with so many of these popping up.

Agreed there’s a lot of rug pulls out there but you got to take the good with the bad in cycles like this it’s a gold rush just like the many that have gone before it

That's because now HN is mostly FAANG employees. FAANG is naturally opposed to Bitcoin because it's difficult for them to imagine how they would control it. When it rallied to 20000, they only saw it as a threat.