I mean the thought process that goes something like
1. markets are (mostly) good
2. government intervention is (mostly) bad
Therefore:
3. anything that takes power away from government, especially if it increases the role of some kind of market, is good
Which leads to a worldview where the ultimate utopia is one free of the burdens of the government intervention, and you get things like people trying to build side-economies free of regulation (like much of crypto), or private island utopias.
I find it's a blinding ideology, and doesn't really match with my observations of the crypto world so far.
The vast majority of what I see in the crypto space is that it's a safe haven for fraud, money laundering, and the transfer of wealth from the uninformed and/or trusting to the savvy and/or untrustworthy. I see very little other purpose emerging so far. And none of those things seem like they are net positives in the world.
1. markets are (mostly) good
2. government intervention is (mostly) bad
Therefore:
3. anything that takes power away from government, especially if it increases the role of some kind of market, is good
Which leads to a worldview where the ultimate utopia is one free of the burdens of the government intervention, and you get things like people trying to build side-economies free of regulation (like much of crypto), or private island utopias.
I find it's a blinding ideology, and doesn't really match with my observations of the crypto world so far.
The vast majority of what I see in the crypto space is that it's a safe haven for fraud, money laundering, and the transfer of wealth from the uninformed and/or trusting to the savvy and/or untrustworthy. I see very little other purpose emerging so far. And none of those things seem like they are net positives in the world.