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The post I was replying to was asking why some VCs are pumping so much money into crypto. I'm not characterizing all crypto supporters as libertarians, just the
by m_ke 5y ago
The post I was replying to was asking why some VCs are pumping so much money into crypto. I'm not characterizing all crypto supporters as libertarians, just the VCs who pretend that they're investing in it because they want decentralization and open democratized platforms that are owned by the users.
- jrsj 5y agoAhh yeah I misread that a bit. Still I don’t necessarily think that’s accurate even regarding the VCs. Their investments and goals sort of run counter to the libertarian types in the crypto community who tend to be focused more on monetary policy or privacy concerns. If anything what the VCs are doing imo is subverting cryptos ability to meet any of the goals of libertarians by focusing most of the development effort in crypto on centralized platforms that look a lot more like traditional tech companies.