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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Replying to @vgr
Isn’t it also that it’s creating an even more unequal wealth distribution than we already have? I heard only 3% of crypto currency holders are women for ex
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Replying to @fortelabs
Yeah that probably at least doesn’t help, though it’s also been one of the most democratic wealth creators. Not pwned by Ivy League children of middle class parents, despite prominence of Winkelvoss twins
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Replying to @vgr @fortelabs
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.
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