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Erik Torenberg
@erik
Why are there so many leftists within crypto? As Solana says in his bankless episode, crypto disintermediates and reduces the power of the state. I get why libertarians and rightists like crypto, but why leftists? Leftists should want state power to enact leftist policy goals if they care about leftist outcomes.
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nir.eth 🌿🟣🐦☁️
@nir
Since when are leftists the pro-state-power side? Defund the police comes to mind. Fight the power. Black panthers. Occupy Wall Street (anti-bailouts). The right is just as pro-gov when it suits them, “leave it to the states to decide” is a tactic the right uses because they’re the federal demographic minority in the US. Doesn’t make them any more anti establishment, see the military industrial complex for example. There are probably more leftist anarchists than right wing ones, no? Don’t align with this but pretty obvious to me. Leftists in crypto probably gravitate to the disruption of crony capitalism, DAO governance, airdrop/fair share mechanics, anti-nationalism ethos, creator economy etc
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Erik Torenberg
@erik
Since nearly all govt employees are democrats? Defund the police of course wasn’t what they were saying during Jan 6. It’s anarcho-tyranny. Anarchy for leftists during blm/chaz who got off easy, tyranny for enemies of the left. Also they wanted the money of the police rerouted to other leftist govt adjacent orgs. Also they own the ngo complex. If a major goal of the left is reducing wealth inequality, or reducing group disparities, of course that requires state power. Also it’s not 2008 anymore.
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nir.eth 🌿🟣🐦☁️
@nir
Fair, but I’d argue the same is true in reverse (Jan 6th fine for republicans, blm they want law and order) so. My point is that nothing about left ideology is necessarily more pro-government than the right in my opinion. In regards to gov employees, if you include military it’s about equal dems to reps. Obviously there are many more dems in the EPA but then many more reps in the navy. Right wing isn’t libertarian, Erik Voorhees being a good example of what I’d call a pretty left wing libertarian bitcoiner (back to the first question). In short, both love the state when it suits them, and lots of crypto values resonate with each. If the fed reserve is bitcoins biggest enemy I think there’s easily an argument for why leftists hate Powell too.
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