> I turned off when he said that Bitcoin is issued by corporations. The interviewer calls him out on it and he doubles down. That's blatantly false, and indicates poor research and / or poor understanding.

He knows how bitcoin works. And what he said wasn't a lie, though you could argue it was a simplification, but he's not addressing the HN crowd with what he's saying and IMO his simplification is perfectly acceptable to the audience he is targeting.

The cost to mine a single BTC in 2026 is > $70k. Random individuals and hobbyists are not spending that kind of money mining bitcoin.

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JuniperMesos 2 days ago | parent [-]

I'd say that's such an important oversimplification that it's tantamount to a lie. Bitcoin's issuance model is one of the several completely novel financial concepts that Bitcoin introduced, and involves mentally-modeling a relatively-complex incentive structure and some non-trivial computer science properties to understand. Saying "Bitcoin is issued by corporations" is simply not engaging with the actual substance of how Bitcoin is issued, and instead says uses the vague-but-sinister-sounding word "corporations" to imply that Bitcoin is generically bad to low-sophistication viewers.

	▲	georgemcbay a day ago \| parent [-]
		Crypto, including Bitcoin, is bad. And doesn't really solve any of the problems it claims to solve. If it did solve any of those problems in a real and practical way, it wouldn't need an increasingly powerful lobby spending hundreds of millions of dollars so far on this year's US elections (nearly 40% of all corporate election spending in 2026). Crypto in 2026 is just another financial engineering scam looking for ways to grab the money of pensioners, etc.