When you understand cryptocurrency, especially Bitcoin, as a capitalist libertarian project, of course, none of these problems are solved.
Capitalist libertarians think economic hierarchy is just fine (they pretend the labor market is a level playing field).
The keyword that gives it away is "fiat currency." It's a term I never hear except from conservatives--many of whom are capitalist libertarian to some degree--and refers not to money as debt but rather as an asset with arbitrarily set value. Capitalist libertarians think that money should be an investment, that it should gain value (against what I'm not sure), which is why Bitcoin is designed the way it is: Its value in dollars, apart from the pump and dump scam that it also is, has trended up to astronomical levels over the years.
David Benfell, Ph.D. (he/him/his)
npub1qn…emx0u
2025-08-18 13:20:52 UTC
in reply to nevent1q…t729
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2025-08-18 13:20:52 UTCEvent JSON
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