this post was submitted on 20 Nov 2023
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It’s a good reason to end capitalism. Until we abolish private ownership of the means of production, the capitalist class will control the State.
I’m an elder Silicon Valley software developer who has followed crypto since the early days. I never bought the hype because 1) I understand the technology and 2) I have a Marxist perspective on economics and politics.
I think cryptocurrency was a libertarian monkey’s paw wish that only further empowered those who already had power. The crypto grift collapsed early last year, and everyone has moved on to the shiny new AI grift. Most people know now that the crypto emperor had no clothes.
If you wanna believe in dunning-krugerrands, I can’t stop you.