3 ms·
The Silicon Valley / Wall Street part is highly inaccurate, and I'd dare to say plain wrong as it comes to the specific crypto we're talking about: Bitcoin. Bi
by fleddr 5y ago
The Silicon Valley / Wall Street part is highly inaccurate, and I'd dare to say plain wrong as it comes to the specific crypto we're talking about: Bitcoin.
Bitcoin's invention and surrounding culture comes from cyberpunks. Whom are anti-government, anti-regulation, encourage civil disobedience, and so on. Unsurprisingly, culturally Bitcoin is highly popular with libertarians, which in the US you could qualify as a sub culture of the right wing. As such, it's an almost opposite of SC culture, which is liberal all the way to left wing (largely in name only).
As for Wallstreet, they only got in late 2020, and barely so, so it's quite a stretch to state that Bitcoin is a toy for Wallstreet.
In reality, these supposed hard lines uniquely found in US politics are soft as butter. Bitcoin isn't made for any group in particular, it is for everyone. It can be used by a greedy hyper capitalist day trader as well as a refugee looking to protect the little they have from inflation or confiscation. Bitcoin doesn't care.