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this post was submitted on 20 May 2024
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It got the initial true push as an anti capitalist reaction, well if we ignore the scammers and gamblers. But more in the sense that "hey you got money but I don't have any so imma make my own and be just like you".
Also when did I ever link it to post scarcity? I said, the only "solution" to monolithic money is either bartering or post scarcity, or abandoning capitalism in some fashion.
Crypto is just another immutable database, except shared. It's not a silver bullet or solution for... anything really. The validation methods are cute or terribly resource intensive and they add no real value, aside from consolidating power within the network.