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OK, read this: https://astralcodexten.substack.com/p/why-im-less-than-infinitely-hostile https://astralcodexten.substack.com/p/why-im-less-than-infin... Many c
by DirkH 3y ago
OK, read this: https://astralcodexten.substack.com/p/why-im-less-than-infinitely-hostile https://astralcodexten.substack.com/p/why-im-less-than-infin...
Many clear examples of it being used to coordinate in opposition to fiat because the governments can't be trusted. And it's working far as I can tell. We just don't hear about it in the first world because our culture is so apathetic about anything happening in poverty oppressed nations.
Worth adding I'm not pro-crypto or anti-government. For transparency I have less than $10 grand in crypto which is no big deal for me to lose overnight. I think there is a good enough case to invest but not enough to make it large part of my portfolio. I don't believe the hype but also think throwing it out with the bathwater is likewise unnecessarily absolutist.
"People who don't agree with the politics of it will avoid it because they don't want to be associated with those politics"
Tell that from the majority of crypto users who reside in the third world and derive actual value from it. They are not politically homogenous (leftists and rightists use crypto on the third world) and most probably don't care much for decentralization as a means of political action. They just want something that works and is less corrupt than the incumbent system.