this post was submitted on 07 Aug 2023
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The Bizarre Rise of the 'Bitcoin Citadel' (decrypt.co)
submitted 1 year ago by [email protected] to c/[email protected]
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Nice backgrounder on a bit of BTC meme-ry. Mentions our resident no-coiner @[email protected]

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[–] [email protected] 3 points 1 year ago

BTC/crypto is "revolutionary" in the original sense (I owe this to Mike Duncan's podcast series). Before the French Revolution, the term meant "regime change" - the people at the top were replaced , but the system remained intact. Coiners don't want to overthrow capitalism, they just want to replace the current people in charge with themselves.