> Bitcoin at least was a deliberate response to what I would paraphrase as the "socialism for the rich, capitalism for the rest" policies of the last global fi

> Bitcoin at least was a deliberate response to what I would paraphrase as the "socialism for the rich, capitalism for the rest" policies of the last global financial crisis. And ironically it works the same way in crypto. I bet the traditional financial markets wish they could "roll back" financial calamities like the Ethereum DAO hack - the founder of ethereum lost money so oops, hit the undo button, roll back every transaction on the whole network. That's the exact same sort of "socialism for the elites, capitalism for the rest" as crypto boosters complain about with USD.