<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>simias</author><text>That&amp;#x27;s the definition of insurance. The problem with bitcoin, if you think that&amp;#x27;s a problem, is that there&amp;#x27;s no obvious way to implement this scheme. You&amp;#x27;d have to insure your coins to a third party but then you&amp;#x27;d probably have to give them some control over your wallet so that you can&amp;#x27;t just &amp;quot;steal&amp;quot; your own coins and make a claim.&lt;p&gt;But clearly people want this type of guarantee so I think the cryptopunk dream of having every human being owning a bitcoin wallet aligns poorly with what real world human beings want.&lt;p&gt;Everytime I read about long term adoption of cryptocurrency by the masses I always end up asking myself the same question: &amp;quot;Why would a random person for whom money is not a political statement care about any of that? What&amp;#x27;s the added value?&amp;quot; As far as I&amp;#x27;m concerned I still haven&amp;#x27;t found a satisfactory answer to this question.</text><parent_chain><item><author>davnicwil</author><text>Just to pick up on this one small point: as I understand it, the cashback you get with a credit card is more or less taken straight from the card processing fee charged to the vendor, which of course, raises prices overall and is therefore not really cashback at all. Without the fee, you would likely have just paid a lower price in the first place.&lt;p&gt;The only party benefitting from the cashback scheme is, of course, the middleman. By offering it, they give you an incentive to use the card more, which in turn gives the vendors more incentive to accept it. More card use equates directly to more money for them.&lt;p&gt;One of the hugely compelling benefits of cryptocurrencies is they entirely eliminate the necessity for such middlemen taking a cut and driving up costs for the parties actually partaking in the transaction.</text></item><item><author>nikolay</author><text>Where&amp;#x27;s the news?! Why do people continue to bang heads against the wall with this madness? Unless you&amp;#x27;re a thief, how is the craptocurrency thing better than my credit card that&amp;#x27;s insured from unauthorized use and gives me a cash back?! Yeah, you can&amp;#x27;t speculate with credit cards, and get rich quick, because $1 = $1 like forever, but isn&amp;#x27;t that what the real investment tools are for?</text></item></parent_chain></comment><story><title>CoinDash’s ICO Website Has Been Hacked</title><url>http://www.financemagnates.com/cryptocurrency/news/breaking-coindashs-token-sale-ico-website-hacked/</url></story>
<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>bsurmanski</author><text>But do they eliminate the middleman? At least for Bitcoin, it takes an hour for any confidence that a transaction is truly valid. I&amp;#x27;m not going to wait around for an hour just to grab my morning coffee.&lt;p&gt;So obviously there&amp;#x27;s going to need to be a credit backed middle man to guarantee your transaction so the seller doesn&amp;#x27;t get screwed by a double spend.&lt;p&gt;Eth is slightly better, but it still takes something on the order of 10m to confirm a transaction, and it doesn&amp;#x27;t look like it can get anywhere near the speed needed for a coffee purchase.</text><parent_chain><item><author>davnicwil</author><text>Just to pick up on this one small point: as I understand it, the cashback you get with a credit card is more or less taken straight from the card processing fee charged to the vendor, which of course, raises prices overall and is therefore not really cashback at all. Without the fee, you would likely have just paid a lower price in the first place.&lt;p&gt;The only party benefitting from the cashback scheme is, of course, the middleman. By offering it, they give you an incentive to use the card more, which in turn gives the vendors more incentive to accept it. More card use equates directly to more money for them.&lt;p&gt;One of the hugely compelling benefits of cryptocurrencies is they entirely eliminate the necessity for such middlemen taking a cut and driving up costs for the parties actually partaking in the transaction.</text></item><item><author>nikolay</author><text>Where&amp;#x27;s the news?! Why do people continue to bang heads against the wall with this madness? Unless you&amp;#x27;re a thief, how is the craptocurrency thing better than my credit card that&amp;#x27;s insured from unauthorized use and gives me a cash back?! Yeah, you can&amp;#x27;t speculate with credit cards, and get rich quick, because $1 = $1 like forever, but isn&amp;#x27;t that what the real investment tools are for?</text></item></parent_chain></comment><story><title>CoinDash’s ICO Website Has Been Hacked</title><url>http://www.financemagnates.com/cryptocurrency/news/breaking-coindashs-token-sale-ico-website-hacked/</url></story>