We dont need to boil the earth to have crypto either. It’s crypto speculators that are the problem latching onto these old systems for nothing but speculative value.
The thing is that if it could have been a way to ‘fix capitalism’ but instead gets ‘broken by’ capitalism, then it doesn’t provide the proposed value in that respect.
I would have used “incorporated into” or co-opted by, but yeah I agree with you essentially, it’s why we can’t have nice things.
Its not that it couldn’t be useful to some, its just that once you scale to the masses there is clearly nothing to stop it from just being used as another capitalism tool. There are very cool projects that never gained popularity that have anti capitalism baked into it, such as chains with negative interest rates that scale with the amount of coin you have.
We don’t need to boil the Earth to fix late stage capitalism.
We dont need to boil the earth to have crypto either. It’s crypto speculators that are the problem latching onto these old systems for nothing but speculative value.
The thing is that if it could have been a way to ‘fix capitalism’ but instead gets ‘broken by’ capitalism, then it doesn’t provide the proposed value in that respect.
I would have used “incorporated into” or co-opted by, but yeah I agree with you essentially, it’s why we can’t have nice things.
Its not that it couldn’t be useful to some, its just that once you scale to the masses there is clearly nothing to stop it from just being used as another capitalism tool. There are very cool projects that never gained popularity that have anti capitalism baked into it, such as chains with negative interest rates that scale with the amount of coin you have.