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It's not hypocrisy, just evidence that the bitcoin community isn't homogeneous. There's always been a set of people who viewed it as a radical political project
by arglebarnacle 9y ago
It's not hypocrisy, just evidence that the bitcoin community isn't homogeneous. There's always been a set of people who viewed it as a radical political project to unseat central banks and democratize money, but I'm not sure those people were ever predominant, and they certainly aren't predominant now.
It's not the the libertarian segment of the community has done a 180 to cheer Wall St's cooption of bitcoin. Instead, you're witnessing a lot of people who hold bitcoin who are excited that more and more people appear to regard it as a serious store of value. These people are probably not libertarian types--they're interested in bitcoin as an investment, and don't really care if the additional money entering the ecosystem comes from Wall St.
- smokeyj 9y agoThere's literally no libertarian who didn't want bitcoin to go public. It's being adopted, not "coopted".