⚯ Michel de Cryptadamus ⚯
@cryptadamist@universeodon.com  ·  activity timestamp 2 weeks ago

the former head of research at #coindesk - someone who spent most of a decade deep inside the crypto industry as a true believer - has written a long form piece titled "Money By Vile Means" about how the crypto industry has become something deeply evil, fucked up, and wholly dependent on the government systems it once sought to disrupt.

"From libertarian ideal to cynical state capture, I debunk the myths of #Bitcoin and reveal its dark reality."

https://www.compactmag.com/article/money-by-vile-means/

#crypto #cryptocurrency #uspol #eupol #money #finance #economics
GhostOnTheHalfShell
@GhostOnTheHalfShell@masto.ai replied  ·  activity timestamp 2 weeks ago
@cryptadamist

I am glad somebody from inside the industry have their eyes open enough to see how it actually works.

Wealthy libertarians sought to rest control of the money supply from the functions of the state. They now run the White House and own Congress yeah with a loyal SCOTUS. They don’t have a particular indeed to do much more because Congress will finance everything they want and write all the laws they want.