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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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Erik
@eriks
some leftists simply want equal access for all, crypto plays a big role in that
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Erik Torenberg
@erik
Doesn’t crypto have more inequality than fiat? More markets = more inequality, because people have vastly different abilities to contribute. Turns out talent isn’t evenly distributed.
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Erik
@eriks
right now prob true, on a global scale tho anyone w a smartphone can access financial markets onchain, not the case in tradfi
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Erik Torenberg
@erik
Sure but that’s not how equality is measured.
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Erik
@eriks
agree, necessary as a starting point tho
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Erik Torenberg
@erik
Or maybe just there will be more economic inequality, and that’s why it’s a right leaning technology. Which is a good thing in my opinion.
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