logoalt Hacker News

joejohnsontoday at 9:32 AM2 repliesview on HN

Guy who was "enamored by the whole idea of Bitcoin being a private bank for wealthy individuals" is shocked to learn that the system "will lead to the long-term collapse of social mobility for the younger generation".

He's now wiser than the average Randian acolyte, but still seems to think this structural feature of capitalism is somehow unique to cryptocurrency.


Replies

komali2today at 11:24 AM

Yes! I've been thinking for a while that crypto/libertarianism borrows a lot of language from anarchist philosophy, but redirects that energy towards an environment that's even more capitalistic than our liberal democracies. Which is the opposite of the supposed values of these crypto libertarians, but because libertarianism is a schizophrenic ideology that tries to combine capitalism with anarchism, it of course goes the way of all libertarian projects and turns into a nightmare (at least this time there's no bears).

titanomachytoday at 10:11 AM

“Surely allowing the world’s wealthiest people to shelter their capital from the greedy clutches of democratically elected governments will naturally lead to a more equitable and humanistic world order”

show 1 reply