This article was written by a centralized bank that received huge tax payer bailouts in 2008 because their executives were too busy fucking over the average American.
Obligatory fuck psypost. The most click bait, sensationalized headlines for small sample correlational studies that almost always have a divisive basis, like “democrats are better at x than republicans,” or “men are better at x than women” or some shit. I got so sick of seeing it on the front page of reddit every single day because there were ten different subs reposting the same articles.
Sounds like nothing’s changed
People who invest in bitcoin aren’t much better.
DeFi was supposed to be a rad lefty thing in its conception. Conservatives can truly ruin anything.
reverse midas-touch 🤣
Everything they touch turns to the gold standard
Rad-lefty?
Rich people can hoard their money without the government?
How much further right can you get?
That’s a very small frame you’re prompting me to respond within. Fiat currency is a big complex issue and every attempt to subvert it is also necessarily complex
Yes, but rich people have, at the end of the day, been at the mercy of the state for currency and protection, and the state can shift left and right.
Once they are free from the state for currency, there is only protection left, and they can buy that, with their currency.
I’m on crypto because I see which way the wind is blowing, and it’s blowing away from anyone with less than $50m by the end of the decade.
It was never a “lefty thing”. It was a right wing libertarian thing from its inception, and that hasn’t changed at all.
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Yeah… Almost like those “moral foundations” are what you would expect of the third reich.
Probably just a coincidence, though.
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But does it really surprise you? Sounds spot on to me.
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It’s related because according to the study, those are the core beliefs of the people who like crypto.
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Okay fair enough, it’s a better description but I think a bit splitting hairs.
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Our analyses of a large set of Bitcoin tweets and a controlled survey indicate that binding moral foundations (Authority, Purity, and Loyalty) that are more closely associated with political conservatives better reflect one’s interest in cryptocurrency than individualizing foundations (Fairness and Care).”
So it’s sentiment analysis of a specific community (Bitcoin). The Bitcoin community has been more libertarian and toxic than others, in my experience. But I wouldn’t ascribe those attributes to the wider crypto community.
meh
Sounds correct to me.
It’s basically properties of fascism vs egalitarianism. They’re not pulling them from nothing.
Crypto itself isn’t an issue. My view has always been that it wasn’t meant to be an investment, but a currency. The issues are the grifters and loons that promote this as an investment.
The most obnoxious people I’ve ever met were all conspiracy loonie right wing crypto bros
That explains a lot actually.
i thought i was getting my bumps from mexico wtf mccarthy
FFS, make SHIB’s value to $0.01!
Not super shocking. The circles i see lean quite libertarian to anarchist and they love crypto, gold, and silver because “fuck the government”. I find myself mostly in agreement as i think the governmyth attracts psychos who get off on telling others how to live their lives. If we stopped using their money they could not afford to fund more wars and i would be willing to go out on a limb and say that state government is as big as it should get. With clauses that anyone can enter or leave their jurisdiction at any time for any reason at all or no reason.
I would consider cypher punk crypto anarchy the first left libertarian form of governance (edit: that could function on a global scale), an interesting hybrid of communism and capitalism.
Communism today is incompatible with democracy, it needs authoritarianism to have the level of control needed to redistribute all resources.
Right authoritarianism creates social hierarchies
Right libertarianism tries to be decentralized but just recreates feudalism
Left libertarianism is typically impractical. If the government doesn’t have authority to tax, how can you redistribute wealth? If the government doesn’t have weapons, how can it tax? If the social organization is decentralized, how do you maintain cohesion? If anarchy is rules without rules, how do you create rules without rulers?
Blockchain solves some of these problems. Maintaining an identity system is the main hurdle. In a crypto currency like Bitcoin, your private keys which prove ownership of money is your identity. But if it was just your computer was your identity, people could just spin up multiple computers and vote 10 times.
So unfortunately, the “rules of governance” are limited to network rules about the Blockchain. If you can implement a decentralized ID, you can securely automate parts of the government that have to do with things like voting or proposing policy.
Left libertarian has a long tradition. Otherwise I somewhat agree.
Anarchists are by definition not conservative
Idk feels a bit like propaganda to me, crypto is the closest to a socialist currency you can get; instead of one or 2 super banks controlling all the money its divided throughout the people.
but then again this study has no (and obviously couldn’t easily) bias control for such a factor
To be fair, the currency is a collectively managed element. But currency trading is prospective investing, id est majorly doing a capitalism which is quite conservatve.
If we just bought stuff with crypto and tried to stabilize prices that would be a public-service driven effort, ergo socialist
Crypto is a pyramid scheme. It’s not currency.
Anything under capitalism is a pyramid scheme, its just most noticeable when its more sharp of a pyramid
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