this post was submitted on 22 Jul 2023
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100% of the crypto hate I see is from citizens of neocolonial states. You lord your control of the financial system over us and when something threatens it, it's always delegitimised for any number of reasons.
Take your pick: scam, destroying the environment, eroding state power etc.
A decentralised system/society will need a value layer to transact. You think Visa should be in control of that?
Just because you don't like it, doesn't make it snake oil. I hope you never find yourself at the mercy of a government that persecutes you and imposes capital control so you can't even run away with your money. If crypto existed when my people were literally being genocided, my parents would not have to end up in a new country with nothing to their name.