Thread by @punk6529

1/ There is some strange effect in crypto haters that turns even the most ardent capitalists into aspiring members of the young communists club.

I was reminded of this with these quotes about the metaverse from an Oct FT article

2/ "This isn’t about building a decentralised paradise where everyone can prosper and live in harmony; this is about making a small group of people rich."

I disagree with the substance of the statement, but this coming from the FT is just chef's kiss

3/ FT is short for Financial Times, a newspaper focused largely on financial markets, plus a few lifestyle pages relating to spending habits of very rich people.

The average FT reader is, in fact, striving to make "a small group of people, themselves included, rich"

4/ I mean this is fine.

Greenpeace and Bernie Sanders and the FT are all part of our global society.

Rich people need a newspaper too, ergo the FT.

But the FT being against people getting rich is so off-brand it makes you wonder at the strength of the hater effect

5/ What I mean is the following. I don't ever remember an FT article in this format.

"Successful IPO of tech company on Nasdaq. Sadly, once again, no paradise for all, executives and VCs get most of gains. Stock market a scam. Wen communist paradise?"

6/ So maybe it is the usual crypto hard-to-process mindshift, maybe it is a form of innovator's dilemma, maybe the issue is that their reader is not loaded up on crypto.

I dunno, but it is an interesting effect.