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Saturday, February 19, 2022

I underestimated Crypto Reddit

This subreddit, and frankly reddit, and the people who come on reddit, are too anti-libertarian, too anti-cypher punk, too anti-convoy, and too pro-KYC, you make mental gymnastics that cannot be sustained coherently with crypto, it endangers the industry and the intended point of the technology, such government powers will absolutely be used on you in the future by your political opponents, only a fool would get rid of due process and allow this type of financial surveillance, but of course 20 year old progressives are predictably fools.

Punk 6529 made a post on twitter that got 20,000 upvotes about why the precedent Trudeau is setting is completely dangerous and unsustainable, and he did it without being bias towards the truckers. I deeply underestimated how progressive crypto reddit is. The core developers, core exchange CEO, and entire fintwitter and crypto twitter are drastically more conservative and libertarian than this, and virtually all of the infrastructure they have built is to attempt to slow down the government, any government for that matter from behaving the way in which Trudeau is now doing,

yet here I see 600 comments on a thread with 1200 upvotes by someone going "Hey maybe Banks having this power is a bad idea" -- 600 comments defending KYC, defending CeFi, defending Pfizer, defending Ciphertrace & Chainanalysis & Elliptic, and defending Banks engaging in this behavior, and your willingness to trust the administrative state to not backdoor your crypto without due process, despite you literally defending the abrogation of due process. It makes me sick to my stomach.

The intention of crypto was Monero, and specifically the separation of state and money, not to recreate Web 2 on chain, with thought crimes and Black Mirror surveillance like China, on chain, not for your stupid pumpanomics, not for your willingness to comply with these insanely censorious regulations that merely recreate the entire SWIFT system and US Sanctions Regime onchain, which they by the way use to do extremely imperialist, racist things on the regular. You people are utter fools.



Submitted February 18, 2022 at 10:01PM by samdane7777 https://ift.tt/q3WsmRo https://ift.tt/SBMvzVu

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