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A comment on It's time for us in the tech world to speak out about cryptocurrency. Parent comment

Re:It's time for us in the tech world to speak out about cry... by joepie91_ on Sunday May 30, 2021 @05:39PM (#27337105)
You're actually almost right. While Bitcoin was launched with lofty goals, it was pretty quickly overtaken by capitalist vultures who saw a low-regulation industry to extract money from people.

Importantly though, it's not an either/or. Capitalism is problematic and cryptocurrency is problematic. Both can be true at the same time.

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Re:It's time for us in the tech world to speak out about cry... by lottin on Sunday May 30, 2021 @05:52PM (#27337212)
Bitcoin inventors were anarcho-capitalists, an ideology that promotes an extreme version of capitalism where there are no governments and corporations have unlimited power.
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Re:It's time for us in the tech world to speak out about cry... by eli on Sunday May 30, 2021 @07:26PM (#27338014)
But Bitcoin investors are mostly indifferent to the goals or mechanisms behind Bitcoin and merely hope to sell a coin to someone else for more than they paid for it.
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Re:It's time for us in the tech world to speak out about cry... by mandelken on Sunday May 30, 2021 @06:58PM (#27337780)
Could you provide some background (or links) to your claim (I thought the inventor(s) of Bitcoin were anonymous)? Thank you.
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Re:It's time for us in the tech world to speak out about cry... by lottin on Sunday May 30, 2021 @07:05PM (#27337830)
https://www.upress.umn.edu/book-division/books/the-politics-...
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Re:It's time for us in the tech world to speak out about cry... by bduerst on Monday May 31, 2021 @02:41AM (#27340957)
Anarcho-capitalists should not be surprised if a vacuum of power over Bitcoin is filled by those with the most means.
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Re:It's time for us in the tech world to speak out about cry... by joepie91_ on Sunday May 30, 2021 @08:28PM (#27338500)
The early adopters were considerably more varied than just "anarcho"-capitalists.
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