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Erik Torenberg pfp
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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tldr (tim reilly)
@tldr
Much of the Left rejects of hierarchy — both that exists in nature and that it should be allowed in political arrangement. Crypto is based on a concept of decentralization that is idealistically non-hierarchical. You can see something like this in action in many early DAOs, including Nouns.
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Erik Torenberg
@erik
There’s more economic inequality/hierarchy in crypto than in fiat, no?
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John Hoang
@jhoang
Genuine question, why is it plausible for the rejection of hierarchy?
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