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Back in the beginning, bitcoin was intensely attractive to people who were in the intersection of extreme libertarian ethics and cosmopolitan financial capitali
by thwayunion 4y ago
Back in the beginning, bitcoin was intensely attractive to people who were in the intersection of extreme libertarian ethics and cosmopolitan financial capitalism ethos.
It's a fundamentally contradictory world view, of course. You cannot have cosmopolitan financial capitalism without very strong states propping up an extremely unnatural global order. But you can understand how middle-wealthy tech people ended up there. They were self-made, annoyed with taxes, and primarily held wealth that was generated without geographic ties. This is opposed to traditional middle-wealthy folks, whose revenue streams were historically closely tied to place and/or community.
Now that the End Of History is over, the contradiction is laid bare, and the reaction has been a sort of ideological immune response triggering fever dreams that are increasingly absurd and desperate (metaverse, web3, NFTs).