I’m going to keep this short but I just fell down the rabbithole of crypto again and maybe it isn’t as bad as I thought. Many of their ideas are very similar to the fediverse’s. The idea of decentralized finance using a stablecoin sounds awesome to me. (though i’d much prefer to live in a world where money isn’t needed) Maybe the technology is actually good but the techbros and scammers ruin it with their false promises and complicated words. Hopefully, in a few years after the rest of those scammers have moved on to scamming with AI this tech could be truly used for meaningful purposes.

  • king_dead@beehaw.orgEnglish
    6·
    1 year ago

    Nah man, crypto was built in the circles of libertarian goldbugs in an attempt to privatize the dollar. Ultimately the aim of crypto is the opposite of the fediverse: to take away (theoretically) popular control of the dollar and throw it into corporate hands.

      • king_dead@beehaw.orgEnglish
        1·
        1 year ago

        The source is me. I’ve been following through somethingawful’s buttcoin thread since 2011 and then on and off through political subreddits. One of the biggest things is that they HATED government-backed “fiat” currency and saw bitcoin as a replacement for the dollar (Even though bitcoin is also fiat and had notorious stealing issues and was just as unstable then as it is now)