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this post was submitted on 22 Oct 2023
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Technology
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DeFi was supposed to be a rad lefty thing in its conception. Conservatives can truly ruin anything.
reverse midas-touch ๐คฃ
Everything they touch turns to the gold standard
Rad-lefty?
Rich people can hoard their money without the government?
How much further right can you get?
That's a very small frame you're prompting me to respond within. Fiat currency is a big complex issue and every attempt to subvert it is also necessarily complex
Yes, but rich people have, at the end of the day, been at the mercy of the state for currency and protection, and the state can shift left and right.
Once they are free from the state for currency, there is only protection left, and they can buy that, with their currency.
I'm on crypto because I see which way the wind is blowing, and it's blowing away from anyone with less than $50m by the end of the decade.
It was never a "lefty thing". It was a right wing libertarian thing from its inception, and that hasn't changed at all.