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by cowpig
1946 days ago
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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. |
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