The classic example is the Dropbox launch [0]. A more recent example might be the Mighty launch [1].
Why do we think this is? Is cynicism something that's actually more prevalent within the programmer community? Or perhaps it's just some kind of normal distribution in effect, where most people will be fairly neutral, and a few will be passionate on either side of the curve?
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[0] https://news.ycombinator.com/item?id=9224 [1] https://news.ycombinator.com/item?id=26957215
On top of that, as you get older, you've ridden, then watched, a few hype cycles and can recognize them at once.
Why wouldn't we be wary and skeptical as heck?
It's a proven fact that most startups don't make it. Based on statistics alone, Google's next big thing will probably be a dud --- just like Larry Page's electric air taxi.
I was cynical about Facebook and their business model. I tried to convince my friends and family not to buy into what they were selling --- with only moderate success. It only took a couple of decades but most now realize that I was right from the start. Everyone is now at least talking about how to ditch Facebook. https://news.ycombinator.com/item?id=32959068
Call me cynical but I think that everyone making their own currency is a blast from the past --- not the wave of the future. It won't work any better now than it did back when. It's like the lottery --- if you haven't lost money yet, it can only be because you haven't played the game long enough.
But the biggest reason is that programmers don't know shit about markets, and startup value is about the market they're trying to position themselves in and not the technology they use to do it. The only thing that makes software startups so good for that is that there's low risk and quick iteration times because our actual work product is ephemeral and has close to zero cost to ship.
A lot of programmer criticism is focused on tech not realizing the tech is a means to an end, which is changing a market or creating a new one.
Take for example all the comments about how AI won't be good enough. My best guess at what is going on is HN people feel threatened by AI (they realize doing standard programming is nothing special), so they are forced to downplay it.
It's like the famous quote: "it is hard to convince a man of something when his job depends on not understanding it", or whatever the quote actually is.
Another example is when people bash (even technical) crypto posts with very generic crypto bad claims. I roughly expect someone who doesn't know anything about, e.g zkSNARKs, to comment generic crypto-bad claims. They don't have enough knowledge to actually engage with the article so they post unrelated criticism.
The last thing is Dunning-Kruger. The Dropbox story is a solid example of Dunning-Kruger at work.
Intelligence is a blessing and a curse.
Cynicism comes by an intellectual feedback loop.
Once intellectually invested reenforcement mechanisms set in, and dispositions contrary are scorned.
eMacs vs vi
Microsoft vs OSS
Python vs JavaScript
Stack A vs stack B
Worldview one way vs worldview The other way
Etc.