[everfree]

To me, they both seem to be about deliberate and organized defiance of social behavioral norms.

[danaris]

The only social behavioral norms that cryptocurrency is about defying are "people shouldn't be scammed out of their money".

[everfree]

The social norm defied is "money is to be regulated by the state". No more, no less.

Anything else is a result of what people project onto it.

[anigbrowl]

Only libertarians are so obsessed with central banking. It seems to me that crypto people willfully ignore previous history where money was not regulated by the state and people were frustrated by instability.

https://en.wikipedia.org/wiki/Panic_of_1907

[everfree]

In my humble opinion, it's best to have both state-regulated money and non-state-regulated money compete. The market for money itself should be a capitalist free-market competition, survival of the fittest. This is the first time in history where that scenario may come to fruition in a big way.

People have always been stuck with one or the other. Now, state-backed monies are forced to compete and maybe it will finally breed some innovation (of note, CBDCs).

If non-state currencies fail, so be it. If state currencies fail, so be it. But the competition is important imo.

[yellowapple]

As opposed to the incumbent socioeconomic system, wherein "people should be scammed out of as much money as possible" is the rule of thumb.

[grumple]

A system that has produced 25 million millionaires in the US alone is doing a bad job of scamming people out of money.

[yellowapple]

Sure, until you remember the hundreds of millions of people at whose expense those millionaires became such.