Re:Cryptocurrencies – An Assessment by Reserve Bank of India
by tyre on Wednesday February 16, 2022 @09:22AM
(#30360283)
This is true of individual crypto-holders too. The people with billions in crypto are all over twitter saying how holding coins and NFTs is for the people.
The crypto ecosystem is almost exactly the same as the massive wealth concentration in America, except worse. The narrative from those at the top, and the willingness of people to defend them, is the same.
People rabidly defending Elon Musk is equally strange. He’s trolling on the internet, not looking out for you.
Some of crypto’s biggest backers are on Wall Street. For obvious reasons. Crypto is making Wall Street billions while letting them preach from beneath a populist veneer.