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Murtaza Hussain
@mazmhussain
Bitcoin becoming explicitly right-coded is not a great development. It should be seen a something that is obviously constructive regardless of ones other ideological priors. Having it slot into the knee-jerk polarization of U.S. domestic politics is no bueno. A former and possibly future president loudly praising Bitcoin is indeed a watershed event, but he is also a highly polarizing figure. Absent countervailing liberal support the other half of the country will simply associate the technology with a raft of other views and policies endorsed by Trump that they dislike and dismiss it on those grounds. Some people will say it is merely their loss, and that their own folly will lead them to destruction if they miss this opportunity. But I don't think that is a generous or patriotic attitude. Also, practically speaking, political polarization will slow the adoption of the technology more broadly. There are a few liberals like Ro Khanna who like Bitcoin and their views should be given more prominence.
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acai 🚽🐇
@acai
Is it really right coded though? Feels like just a handful of them that happen to be at the center of attention right now and it's all about woeing a specific group of voters. The counter evidence is that Harris already started being advised on this topic and will probably take a soft or even welcoming tone on crypto soon. Many tech elites are left and yet have been advocating crypto for years. For any government, few things terrify them more than having their balance sheet transparent. Crypto and government are inherently incompatible, despite being right or left.
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Murtaza Hussain
@mazmhussain
Seems like the Repubs are the ones who are more vocally into it. Maybe because they think it’s like gold?
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