Buy bitcoin, bro
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[–] 2 points 5 hours ago*

IMO the goals of leftists within crypto is:

  1. protect the unbanked, underbanked, and even banked from the exploitative financial system: we’re making progress. There's is demonstrable proof of this. Even just the base protocols (Bitcoin, Ethereum) offer real relief from tradfi. A very simple example is sending aid to Gaza.

  2. remove US hegemonic power by undermining the dominance of the US dollar: we’re making progress, but some things like USDC are actually reinforcing American dominance. The influx of institutions into the crypto space has really undermined this.

  3. move away from capitalism and asset speculation to collective ownership (governance tokens), trade of useful goods (digital or physical), and savings protocols: we’re not making very much progress and are actively moving against this. This is where Breadchain / Bread Coop comes into play. There's so much potential, and some things have been built ... but overall it's been slow and big disappointment as we watch Capitalists actively co-opt crypto. The amount of scams, VC vaporware, rugpulls, casino games, etc seems to grow by the day. I truly believe there's genuine use cases out there, but crypto right now is mostly just ultra-capitalist speculative garbage.

It's been sad to see crypto leftists like Joshua Davila (author of Blockchain Radicals) move away from crypto and pivot into AI. sigh

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