this post was submitted on 20 Nov 2023
108 points (96.6% liked)
World News
38123 readers
797 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 6 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.