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brad.base.eth
@b05
1/ The left’s fear of crypto is irrational, but the fault of crypto for not conveying the benefits. How can the left embrace something when nobody has given them a reason why. Here are a few reasons why the left should embrace crypto:
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brad.base.eth
@b05
2/ Billions of dollars are stolen by middlemen in finance every year from average people under the guise of protecting them. Crypto eliminates the need for middlemen, because there are no humans to trust.
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brad.base.eth
@b05
3/ Paycheck loans steal billions from the unbanked and poor and lock them in a continuous cycle of ever increasing debt. Crypto has tools for streaming pay and lending that can eliminate the usury In the current system.
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brad.base.eth
@b05
4/ If you aren’t wealthy, you can’t access powerful investing tools In the traditional financial system, but crypto is permissionless. There are no gatekeepers blocking the poor and middle class from the tools that can build wealth faster and without the ridiculous fees charged in tradfi.
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brad.base.eth
@b05
5/ Throughout history, financial calamities like the mortgage crises were caused by banker greed corrupting the system & normal people aren’t aware of it until their home is being foreclosed. Everything onchain is transparent, so regulators can actually protect users instead of cleaning up after.
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brad.base.eth
@b05
6/ The unbanked pay crazy fees to get to their money and then they have to carry it around as cash. Crypto can provide a cheaper and safer way to get paid while eliminating the fees for check cashing while eliminating the volatility risk associated with tokens like bitcoin via stable coins.
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brad.base.eth
@b05
7/ The crypto ecosystem has failed at explaining the benefits of crypto and has allowed the bad actors to rule the news. The left though has adopted an extreme need to protect people at the expense of users learning how to protect themselves & keep/earn more with their money.
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brad.base.eth
@b05
8/ Crypto embraces all the ideals that those left of center espouse about helping the average citizen thrive, but we have to do better at helping them see how.
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