this post was submitted on 17 Jun 2023
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cry
FTX and Binance are just about the farthest away from decentralized. It's in the hands of big money now.
It's a sad fact that they hold like 60% of all capital in the space. The hiccups of big tokens like Bitcoin and Ethereum add such a high overhead cost to transactions. The average user (and their dollars) must enter through these platforms or else get fleeced by the infinite scams out there.
Cryptocurrency is a scam. It may be decentralized and open-source, but it's still a scam. I don't like scams.
Crypto advocates always were libertarians. "The left" as a collective ideology were always against crypto since its inception.
You sound like you are deluded, don't know what you're talking about or both. I'll go with both.
Being pedantic won't save you here.
Everyone knows what I mean when I say libertarians.
If there was ever one political ideology generalized to being crypto advocates, it was "the US version" of libertarians, aka right leaning anarcho-capitalist types.
"The left" never advocated for crypto. There were (again US style) liberals here and there who liked the idea, and a lot of people like to equate them with leftists for some reason even though they are center right, but I digress.
The "true libertarians" as you said, also never advocated for crypto. Lib-left, never advocated for crypto. If I have to say it again: the left, in the original, global definition of the left, never advocated for crypto.
You literally used spongetext. Pot-kettle much?