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> The "cryptocurrency" concept seems to be based on a mistrust of government-issued currency and a mistrust of government more generally. This is the classic n
by haakon 4y ago
> The "cryptocurrency" concept seems to be based on a mistrust of government-issued currency and a mistrust of government more generally.
This is the classic notion of cryptocurrency, but the field has grown and changed a lot. People don't mint NFT collections and dabble in metaverse tokens as a middle-finger to the state. The VC-funded cryptocurrencies of the last cycle are obviously centralized and are far removed from any cypherpunk notion.
- 1vuio0pswjnm7 4y agoAre you telling me Lindsay Lohan is not a cypherpunk.
- TheOtherHobbes 4y agoThey do it to make money without having to pay tax. Which is not quite a middle finger to the state, but it's certainly middle-finger-to-the-state adjacent.
- JohnFen 4y ago> This is the classic notion of cryptocurrency, but the field has grown and changed a lot Maybe? It's pretty hard to tell, though, because 90% of the cryptocurrency advocates I hear are from the "government is evil" crowd.