this post was submitted on 08 Apr 2024
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Listening to a recent episode of the Solarpunk Presents podcast reminded me the importance of consistently calling out cryptocurrency as a wasteful scam. The podcast hosts fail to do that, and because bad actors will continue to try to push crypto, we must condemn it with equal persistence.

Solarpunks must be skeptical of anyone saying it’s important to buy something, like a Tesla, or buy in, with cryptocurrency. Capitalists want nothing more than to co-opt radical movements, neutralizing them, to sell products.

People shilling crypto will tell you it decentralizes power. So that’s a lie, but solarpunks who believe it may be fooled into investing in this Ponzi scheme that burns more energy than some countries. Crypto will centralize power in billionaires, increasing their wealth and decreasing their accountability. That’s why Space Karen Elon Musk pushes crypto. The freer the market, the faster it devolves to monopoly. Rather than decentralizing anything, crypto would steer us toward a Bladerunner dystopia with its all-powerful Tyrell corporation.

Promoting crypto on a solarpunk podcast would be unforgivable. That’s not quite what happens on S5E1 “Let’s Talk Tech.” The hosts seem to understand crypto has no part in a solarpunk future or its prefigurative present. But they don’t come out and say that, adopting a tone of impartiality. At best, I would call this disingenuous. And it reeks of the both-sides-ism that corporate media used to paralyze climate action discourse for decades.

Crypto is not “appropriate tech,” and discussing it without any clarity is inappropriate.

Update for episode 5.3: In a case of hyper hypocrisy, they caution against accepting superficial solutions---things that appear utopian but really reinforce inequality and accelerate the climate crisis---while doing exactly that by talking up cryptocurrency.

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[–] TheDannysaur 6 points 8 months ago

Yeah this doesn't seem like a great take. I think there's severe selection bias.

I like a narrow band of crypto projects. I think the vast majority of things you hear about are scams. There's a ton of bad actors in the space. My advice to people is just to be careful, but I don't promote crypto because I don't promote things that you should have a good understanding of before investing in them. I'm not in the business of risking other people's money. I'll talk about the tech, but usually uninterested in a specific token.

I don't think your brand of zero tolerance will work on such a broad scale. I do think you should aggressively shut down any specifics about [token or project], but it's not inevitable that people go towards shilling.

I was one of the top users of a crypto subreddit, and it got over run in the way you are talking about. Shills and people talking about price, etc. I wanted to have real conversations about the tech and implications. I left because it wasn't what I wanted anymore.

There are people who can talk about those topics with the nuance required, but I agree many cannot.

Aggressive moderation? Good idea.

Zero tolerance policy? Bad idea.

Given the above you'll retreat to "so a little Nazi-ism is OK?" - and if you can't figure out the difference between the two and your view is that polarized, I don't think we'll really find any common ground here.