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@scupytrooples i can't speak for other far-left folks, but the smarter far-left critics that I take seriously are deeply suspicious of how much of crypto is deeply and deceptively subsidized by VC (i.e., most of it is as unprofitable as Uber and just as focused on regulatory wedges).Permalink On twitter.com
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@scupytrooples Deregulation and "self-regulation" are table stakes, which the Left is fundamentally suspicious of because essentiall ALL deregulation leads to market consolidation, monopoly, income inequality and plutocracy. "Free market" fairy dust is an unspoken assumption all over the place.Permalink On twitter.com
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@scupytrooples It's hard to prove the returns are being distributed any more justly than tradfi-- weak attempts easily get ridiculed by critics. If we want the far-left on board, try proving equitable outcomes. The burden of proof is on us to prove all this ISN'T just payday loans w/more steps.On twitter.com