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Why do some non-crypto folks hate crypto so much? An idea I've been thinking about: Martin Luther circa 1500s come to mind w.r.t. Christianity, specifically Catholicism. We've all been lead to believe that money can only be created and ordained by the Nation State, but in fact, there is perhaps another possibility.
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Before Martin Luther, the Catholic Church was the entity that could sanctify / literally owned your relationship with God - they had a monopoly over your relationship; the language Scripture was written in, the tools that were used for worship etc. Then Martin Luther comes along says it doesn't have to be that way
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He really starts to show that your personal relationship with God doesn't have to come from the Catholic Church, it is a relationship that can be created independent of the Church, and that it is between you and God. This was remarkable, and honestly a crazy idea at the time. How does this tie into crypto today?
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Part of it is that our believe of money, where value comes from, where credit / debit come from, is that it can come only from the Nation State. And this is not wrong, it often has been the case. Money has been minted, backed by armies and violence - the issuance of credit / debit is tied to the State
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When Bitcoin was first introduced, it really introduced an idea that Value could, through math and technology be accounted as a MoE, SoV etc as much as fiat could be. The personal relationship you could have with Value that could have those properties were - you could have a personal relationship without the State
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kind of a crazy idea, and perhaps,what people don't often like about crypto is that it is a direct attack on their ideology about "what is valuable" on its own. Esp folks that have invested a ton of resources and reap benefits from the system that is built on the ideology that money can only be issued by the state
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An addendum: Martin Luther kick starting the Protestant Reformation also started a lot of other off shoots - Calvinism, Presbyterianism, Huguenots, Anabaptists, Gomarists Hussites, etc etc. It's similar now to how Bitcoin kick started the Blockchain Reformation for ETH, BSC, etc and other chains
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So returning to the original question, why do some people hate crypto? In this post modern world, not only is it a crisis of faith, but a it is crisis re: the lack of faith in faith. So the void that religion left when it was removed by science & tech - has oft been filled w/ capital. Capital is what we believe in now
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That's all fine - but if belief in something, it contributes to your identity, to who you are. and if we believe in capital, then an attack against capital itself is an attack against the very thing you stand for. for without it, you are literally nothing - crypto attacks the ideology that underlies the identity
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what if someone came to you in the night and told you what you believed in was wrong, and untrue, and not only that - but who you are is meaningless. no one voluntarily wants to be a nihilist, even nihilists. perhaps that's what crypto attacks, perhaps not - but i don't think it's a simple 'they just don't get it'
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