Opinion | Don’t Get Fooled Again by Crypto
www.nytimes.com
Politicians’ newfound love of crypto probably has more to do with a cynical bid for young voter support and Silicon Valley cash than a maturing of a financially perilous set of assets.
  • llothar@lemmy.ml
    276·
    2 years ago

    Crypto as currency = good.

    Crypto as investment = bad.

    First one is technological progress, the other is a Ponzi scheme.

  • technocrit@lemmy.dbzer0.com
    134·
    2 years ago

    This article is the usual uninformed nonsense.

    A funny part is that crypto barely crashed for a few days and has already recovered.

    The funniest part is how they blame crypto for a market crash but completely fail to mention that this crash was overtly caused by the insane instability of debt-based currencies (yen carrry trade).

    • MagicShel@programming.dev
      147·
      2 years ago

      I can’t imagine looking at their differences on so many issues, and then reducing it all to this and thinking this is the issue you’re going to decide on. Absolutely mind-blowingly weird to me.

        • MagicShel@programming.dev
          410·
          2 years ago

          Stifle? No. Just pointing out how odd it is to say the democratic process isn’t democracy. If you don’t like the options, go win some local and state primaries. Put non-fascist crypto folks on the menu and see how they do in the general. Push the party left. No one did that and here we are.

          Decrying that this isn’t democracy when you’re not trying to participate is a fascinating take. But also reducing it all to crypto here - no matter what direction it takes you - that’s fucking weird.

          But no, me saying you’re wrong isn’t stifling. This is a discussion board. If you can’t handle discussion maybe post these thoughts on a blog.

          Edit: I love how you reposted to say what you had to say in an even more offensive way. Like you read what you wrote and decided you were coming across to kindly and needed to throw some ad hominem attacks and such in. Sure sign of a winning argument.

            • MagicShel@programming.dev
              74·
              2 years ago

              Yes. On a local and state level. Just like you. Or did you forget politics isn’t just the presidency? You want to change things, you’re never going to do it starting at the top. You have to work for it.

    • NewNewAccount@lemmy.world
      16·
      2 years ago

      People tell me that Trump will bring about fascism. I agree. However, I also posit that what we get under this crop of Democrats is just another flavor of fascism

      Can you explain to me what fascism is?

        • NewNewAccount@lemmy.world
          27·
          2 years ago

          Not buying it. The tenets described VERY CLOSELY align with modern day Republicans and Trumpism specifically. Theres only a passing resemblance to Democrats and a few pro-Israel examples do not make a fascist.

          For those reading, don’t buy into whatever this dude is selling. It’s a purposeful misrepresentation of the ideology.

          • technocrit@lemmy.dbzer0.com
            5·
            2 years ago

            The state is a fascist entity. There’s literally fasces all over state churches. It’s because the founding slavers worshipped the ancient slave empire of rome. It’s the same reason that fascists in italy started fascism as an overt brand. Those who serve this slave system are definitely fascists regardless of what nation or “party” they purport to represent. It’s basically a one-party system worldwide.