this post was submitted on 01 Aug 2024
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I genuinely think there's way too much money in crypto that there's no way they don't somehow try to force fetch to happen. I massively fear a world where crypto has so much wealth buy-in that one of the more dominant coins finds itself getting a major nation to back it, or allow it as lawful exo-currency. The united states is specifically on a cultural, political, and economic precipice and I absolutely see the coming imperial crises causing an opening with which this horseshit permanently embeds itself in the economy. The blockchain is a god-sent to the security state, having a permanent, un-falsifiable record of all transactions would make any letter agency data twat salivate
there's very real reason to think that crypto-bros are gonna find a way into a kind of unescapable legitimacy. The groundwork is being laid socially already, even if there's not a lot of buy-in, it's something a lot of people are at least nominally aware of, and all it takes is some kind of economic catastrophy, which is likely in the short-mid term, and with their ear already bent to our completely for-sale government, it'll become normal and just the way it is ("ugh I hate having to open my crypto wallet!!! web 3 sure is worse than web 2!!" they whine as they make their peace with how things are yet again, doing nothing about it)
I basically predicted elon musk would turn twitter to the right, and everyone would thrash and whine and mostly give up and carry on just because the platform is too valuable - that's a victory for him, even if he lost some people - they're all peoplegroups outside of the world he wants.
This is the way of forcing shit down people's throats, and i just don't think crypto is done yet, and i fucking hate it. I'm trying to get myself in a position to more seriously drop out if/when it happens
I keep forgetting that there are still people who use crypto and twitter. XD