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This article was written by a centralized bank that received huge tax payer bailouts in 2008 because their executives were too busy fucking over the average American.
this post was submitted on 22 Oct 2023
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Obligatory fuck psypost. The most click bait, sensationalized headlines for small sample correlational studies that almost always have a divisive basis, like "democrats are better at x than republicans," or "men are better at x than women" or some shit. I got so sick of seeing it on the front page of reddit every single day because there were ten different subs reposting the same articles.
Sounds like nothing’s changed
Well something did change. It is no longer 2008.
And banks are no longer required to hold your money. Thank god.
People who invest in bitcoin aren't much better.
DeFi was supposed to be a rad lefty thing in its conception. Conservatives can truly ruin anything.
reverse midas-touch 🤣
Everything they touch turns to the gold standard
Rad-lefty?
Rich people can hoard their money without the government?
How much further right can you get?
That's a very small frame you're prompting me to respond within. Fiat currency is a big complex issue and every attempt to subvert it is also necessarily complex
Yes, but rich people have, at the end of the day, been at the mercy of the state for currency and protection, and the state can shift left and right.
Once they are free from the state for currency, there is only protection left, and they can buy that, with their currency.
I'm on crypto because I see which way the wind is blowing, and it's blowing away from anyone with less than $50m by the end of the decade.
It was never a "lefty thing". It was a right wing libertarian thing from its inception, and that hasn't changed at all.
Crypto itself isn't an issue. My view has always been that it wasn't meant to be an investment, but a currency. The issues are the grifters and loons that promote this as an investment.
And incidentally, the rampant speculation around them has rendered them mostly worthless as a currency due to the high fluctuations in price
The most obnoxious people I've ever met were all conspiracy loonie right wing crypto bros
That explains a lot actually.
i thought i was getting my bumps from mexico wtf mccarthy
This is surprising to me tbh. I always assumed crypto bros were left leaning.
Must not have spent much time in crypto spaces. I would say they trend along the lines of Joe Rogan fans, but they are definitely more " bro libertarian " then leftist if anything.
There are some leftists who are into crypto currencies, but by and large most of the crypto space is dominated by anti game stop bois,investors, business moguls, drug dealers and small business owners.
Not exactly a huge overlap with leftist ideals there.
Back in the day when I was briefly into bitcoin (for the mining, which was still possible back then using GPUs) the bitcoin.org forums were mostly populated by americans who were sticking it to 'the fed' and had a deep distrust of authority. Some of them were seriously unhinged.. I didn't hang around there for long - only so much crazy I can cope with.
When I saw the people in silly costumes storming the whitehouse on TV that's exactly the kind of person I can imagine was posting on the bitcoin forums.
Crypto bros are likely overwhelmingly libertarian since a lot of crypto bro mentality gels with that ideology, particularly that it makes currency decentralized and more controlled by private entities. Cryptocurrencies as a whole will have various aspects that may appeal to other groups, however. Like yeah, it'd be great if we could reduce the power that banks have over us, but cryptocurrency often devolves into whoever has the most coins controls everything, critically with proof of stake systems. I'm convinced that bitcoin is only as valued now because rich people (who got their riches outside of bitcoin) have controlled it and are playing games with it.
The only people currently using crypto do so in order to get rich.
Don't see many left leaning people worshipping money and throwing everyone they can under the bus in order to make capital.
I would it expect to be bi-partisan. What reasons do we have for crypto? Security, faster transaction time, independent of government (more of a global currency), taxes too high, transparency, etc.
Let's be real, the only reason why the vast majority of people are in it is wanting to get rich by selling it at a higher price to someone in the future.
The term currency is kinda misleading, it's really more like a commodity whose only purpose is price speculation on exchanges.
Faster transaction times? Do we really need that, and is that actually the case? I thought bitcoin could have transaction times of double digit minutes, while normal banking transactions here in Europe take 2 seconds
Bitcoin is not the only currency. I'm not saying faster transactions are active, but that is a goal for some currencies no? Wasn't aware if that first Europe. What about settle time then? That is, time it takes to verify a major transaction is legit?