“Hey, fellow cryptobros, nobody takes us seriously! Let’s back Trump! They’ll definitely respect us then!”
Unironically the maga crowd WILL respect them for that. Its a good time to invest in crypto so you can dump it right before election.
Ordinarily I don’t give a damn what the maga crowd respects, but that’s some solid investment advice!
Here’s my uneducated theory: The “investor class” in society have been freaking out and become desperate due to global technological innovation not making the same progress as it did through the 80’s to the 2000’s. Rich people without jobs were really expecting something that would have as much (if not more) of an impact on consumer society as the smart phone.
Look, the entire community sucks, but there really is a distinct difference between “crypto people” and “Bitcoiners”.
Crypto people are constantly chasing pump-and-dump schemes hoping to get in early enough to make a profit. It’s an overly complicated, overly risky, and exhausting way to gamble. These are the people that push Web3 and NFTs and want to Blockchain everything.
Bitcoiners are techno-libertarians who think Satoshi Nakamoto’s Bitcoin is the digital version of gold. They don’t care about anything else. Litecoin usually gets a pass, but anything else, especially Ethereum-based tokens, are absolutely hated.
Now, you’d think you’d like Bitcoiners more than Crypto people, just because they aren’t enthusiastic about the most enshittifying parts of cryptocurrency like NFTs, but don’t forget, these are still libertarians. They are deeply fascist, and their communities usually have the same vibe as /pol/.
Take a trip into Nostr (Bitcoiner Twitter) and you’ll find no shortage of Neo-Nazi memes and child porn…
The firearm world has the same problem. There are firearm enthusiasts who aren’t 2A, NRA-sticker extremists, but they’re a minority.
Satoshi’s objectives are still admirable. It’s unfortunate that Bitcoin was based on POW, which have turned out to have strong negative ecological impacts; and there was a hard miss in the design WRT anonymity, but the concept - which you aptly summarized as digital gold - was a good thing.
This just feels like a bunch of tech bros found an excuse to vote for the fascist convicted felon/rapist without saying the quiet part too loudly. Like, they have to know the fascists won’t allow anything unregulated by them to exist if they take power, right?
Does it, TheVerge? Does It?
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