A sad irony that peak fiat would be #FTX - a "crypto" exchange. Fiat shills at #NYT say "it is just like #JPMorgan" in showing the need for a central bank. Close miss: It is just like JPM a moral hazard of centralized money production, regulation, lobbying, and other collusion.
FTX's event "Crypto Bahamas" in April gave it all away when speaker Bill Clinton concluded that "crypto is obviously serious." I'd rather be the jester calling out the naked king than courting the "serious" people in finance and politics.
How odd that the jesters are considered "toxic". Nothing is more toxic than this typically decadent combination of shills, crooks, careerists, and journalists, virtue-signaling on how they'd solve all the world's problems.
It is above all the shared disgust and moral outrage about this crowd, be it "crypto" or even more "serious" finance, that unites "Bitcoin maximalists," even though Bitcoin is and should be a neutral tool. It is this moral aspect that also explains the perception as a "cult."
• • •
Missing some Tweet in this thread? You can try to
force a refresh
