Far left hatred for crypto seems entirely out of proportion to severity of stated concerns (bitcoin energy use, GPU scarcity). I suspect this is because crypto is charismatic libertarian megafauna. Thin end of a wedge threatening to undermine all collectivist political action.
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A few early tech adopters and capital investors own the giant percentage of bitcoin. Calling this a ”democratic” wealth creator is delusional.
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In fact, being in the privileged SV mainstream seems to have been a bit of an anti-selector. Those people were a little too dismissive for the most part despite knowing about it in 2011. The ones who took a shot were often from weird marginal subcultures.
End of conversation
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