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It's because like other libertarian/anarcho-capitalist politics, which seem to be heavily tied in with cryptocurrency, it's based on some idea that every indivi
by antihero 5y ago
It's because like other libertarian/anarcho-capitalist politics, which seem to be heavily tied in with cryptocurrency, it's based on some idea that every individual is super smart and rational and shouldn't be hindered by the regulations, combined with a fairly righteous mistrust of government and big institutions.
It's a kind of arrogance that they personally don't feel like there's a colossal power asymmetry they need protection from and cryptocurrency proves this.
Perhaps some are clued enough to not get steamrollered by institutions and fraudsters, however they appear to have utter contempt and disregard for people who lack the time or ability or learning speed to protect themselves.