McBain on Warpcast

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McBain pfp

How does crypto fit into leftist ideology/worldview? I’ve always seen it as a “libertarian” technology

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rathermercurial pfp

rathermercurial

@rathermercurial.eth

This question asserts a false binary between "Leftist" and "Libertarian". "Libertarian" views are anti-authoritarian, and span the left/right political spectrum. "Leftist" views are anti-capitalist (mutualist) and span the authoritarian/libertarian spectrum. These axes form the popular "political compass" model. "Leftist" and "Libertarian" aren't contradictory points of view. In fact, there's an entire quadrant of the political compass for that intersection. According to stated values (not politics), the highest proportion of people are both slightly left and slightly libertarian, making it the most common worldview. There are both libertarian mutualist (regen) and libertarian capitalist (degen) implementations of crypto running side by side on any given network, sometimes composed into hybrid systems as seen in ReFi and elsewhere. The real question we should ask is "How does crypto fit into an authoritarian worldview?", where "authoritarian" means monopoly of access to systems of power (CeFi/CBDCs)

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Andi pfp

To me it's far beyond access to and replication of today's limited utility financial system. I don't see much value in the WAGMI narrative that everyone (or even a majority of stakeholders) can get rich, as this only works in la la land, or phrased differently: only under extreme abstraction from reality, ignoring very real boundaries. In reality the financial instruments on crypto rails will do the exact same biddings as they did in tradfi, because they have or breed the exact same lords. The appeal to me is governance. MakerDAO phrases it as "governance is the endgame". I'd put it as a starting point for an entirely new game. Governance has seen the least innovation in the last centuries compared to all other bodies of social science, yet it touches every aspect of human (and sadly, non-human) life. Incorruptible, reliable, programmatic, transparent, participatory, efficient. All these attributes can be achieved now in governance and were never operationally feasible at scale before

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law pfp

Well… By encouraging decentralised power, financial inclusivity, and a reduction in corporate control, cryptocurrency can be in line with socialist principles. It can promote economic equality and community empowerment…. it's not just for libertarians.

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Britt Kim pfp

I don't think of it as a libertarian technology--mostly because I'm one of several bitcoin core contributors that isn't libertarian. If you hold suspicions of centralized financial systems and government control of money, that's plenty.

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Ambire Wallet pfp

Every technology should be politically neutral.

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