this post was submitted on 18 Nov 2024
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No one says cash is a scam because the finance bros on wall street use it to scam people in far worse ways.
But for some reason it's functionally impossible to separate crypto from the scamers who use it.
Both things can be true: cash is a scam and so is crypto. The reason I despise crypto is because they just reinvented capitalism, when the old one was working just fine (in the sense that capitalism is not a broken system: it is functioning just as designed, benefiting the ruling class). So now we've got two ways they're scamming us.
Money is not capitalism. You can have money without capitalism, as the whole world did for most of recorded history.
I did not say money is capitalism. But I will say creating a new currency without first abolishing capitalism will just lead to more ways to do capitalism.