Why do socialists hate crypto? -

Pickle Dick

MAAY
kiwifarms.net
I've noticed a trend lately on the socialist side of Twitter of people not having the highest opinion about crypto, NFTs, and their users.

Not saying you have to like crypto, but from how I'm listening to these people, it kind of sounds like they're annoyed that its trying to thwart their socialist utopia or whatever.

Is there any explanation for their hatred of cryptos, or have I already answered my own question?
 
Solution
1) Because socialists want to live in a society (its in the name), crypto makes it easier for decentralized transactions, thus allowing individuals to bypass centralized/collective/public interactions, and the de-facto controls that come with those interactions

2) Further, socialists (in the west) have very recently realized that they can use corporate capitalism to beat individualist capitalism. Hard to have financial independence when your bank blacklists you for WrongThink and Anti-Social behaviors. Crypto is already a counter rising to beat this strategy before it can even be fully implemented

3) Many of them are retarded and don't understand how economics in general works, much less crypto economy

4) TV Man and Intellectual...

irishAzoth

45.3356,28.8680
kiwifarms.net
its cuz they don't understand it.
Barely any socialist are in the crypto scene which is very odd to me. They throw in bullshit like "money is violence", "mining bad for environment" but those aren't good arguments when some coins are trying to fix that. They should start at least addressing it because they are starting to look like posers and missing out on the financial revolution
 

Justtocheck

All I ever wanted was a Break
True & Honest Fan
kiwifarms.net
No, they don't hate it. They hate what Crypto can do. Crypto can be as much a tool for the working class to save up and invest as it can be a pump and dump scam that leaves working class folks in shambles. It is generally the latter for the people with not high education and too much impulsivity and wishful thinking.

Edit: Do you think Elon Musk likes dogecoin for the meme, or because he wanted to amass more wealth by doing a quick pump and dump?
 
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Fanatical Pragmatist

A garbage human being
kiwifarms.net
1) Because socialists want to live in a society (its in the name), crypto makes it easier for decentralized transactions, thus allowing individuals to bypass centralized/collective/public interactions, and the de-facto controls that come with those interactions

2) Further, socialists (in the west) have very recently realized that they can use corporate capitalism to beat individualist capitalism. Hard to have financial independence when your bank blacklists you for WrongThink and Anti-Social behaviors. Crypto is already a counter rising to beat this strategy before it can even be fully implemented

3) Many of them are retarded and don't understand how economics in general works, much less crypto economy

4) TV Man and Intellectual YouTube Troon told them that crypto is the realm of far-right fascist lunatics like Joe Rogan and Elon Musk, so they hate it because the far-right fasc like it
 
Solution

Justtocheck

All I ever wanted was a Break
True & Honest Fan
kiwifarms.net
4) TV Man and Intellectual YouTube Troon told them that crypto is the realm of far-right fascist lunatics like Joe Rogan and Elon Musk, so they hate it because the far-right fasc like it
To be fair Joe Rogan is a bit of a looney, and Elon Musk should lay off the coke and stop stealing memes.
 

Pickle Dick

MAAY
kiwifarms.net
I think I should've added that the context was there were tweets saying that crypto is bad for the environment because its use too much energy or whatever, this was in response to some crypto guy.

Is it really that bad for the environment? The only person I've heard that same sentiment was from lolcow Brianna Wu, and that was years ago.
 

Rusty Crab

and it kept getting worse...
kiwifarms.net
I think I should've added that the context was there were tweets saying that crypto is bad for the environment because its use too much energy or whatever, this was in response to some crypto guy.

Is it really that bad for the environment? The only person I've heard that same sentiment was from lolcow Brianna Wu, and that was years ago.
It's not great for energy consumption, but it's not nearly at the top of the list of concerns. Like everything else they say, it's just an excuse for a power grab.
 

Justtocheck

All I ever wanted was a Break
True & Honest Fan
kiwifarms.net
That's the argument people are going with huh? That's rich. How many self-proclaimed socialists have any of us met that can make it more than an hour without Internet access? Are we sure this isn't just a classic case of "I am incapable of doing it right so it should be illegal"?
lol, yeah dude. You know, today only I got 4 crypto ad messages from my regular social media I'm forced to use. I'm sure they just have my best intentions in mind and aren't looking for another sucker who will fomo'd himself into suicide while they get rich off of commisions.
 
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