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Yes, that worldview, i. e. that the intangible structures created by societies (governments, laws, banks) are inherently bad is rather popular with the tech cro
by IfOnlyYouKnew 5y ago
Yes, that worldview, i. e. that the intangible structures created by societies (governments, laws, banks) are inherently bad is rather popular with the tech crowd. Witness how they approach free speech issues, putting all their stock in technological solutions (Tor) while generally either complaining about relevant laws or cynically dismissing all initiatives as corrupt.
With regard to central banks, the community is at about the level of the 1920s, where monetary policy was arguably worse than some default law of physics, like the availability of actual gold, might have been. That ignores the bit of history that came later, and the progress that’s been made. That’s why they’re all afraid of runaway inflation, although it has not happened within anyone’s lived experience in western democratic countries.
It’s fun to remember how paranoid the crypto community was at the beginning of being targeted by governments for encroaching on their power. When, in reality, the response was mostly just benign curiosity, and governments only reacted when there were tangible harms to prevent, such as fraud and, more recently, skyrocketing CO_2 emissions. It’s almost as if the FED isn’t a shady private institutions owned by the Rothschild’s out to exploit the common man.
- mypastself 5y agoI’d love to learn more about governments’ “benign curiosity” toward early crypto. What form did that take, exactly?
- anentropic 5y agoThey didn't ban it
- mypastself 5y agoThat’s a somewhat different idea from what you wrote above. You’re essentially saying early adopters’ paranoia was unjustified until it wasn’t.
- dkneeland 5y agoThat's not the same person as above