I really enjoy videos that approach a topic from a perspective opposite to my own.
Watching this allowed me to dwell in an inverse clown world for a while. It was fun. Kind of like watching a movie that is so bad it's good.
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147 sats \ 8 replies \ @optimism 21h
"The Nerd Reich"? A wordplay on Third Reich? For real?
Tasteless.
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108 sats \ 7 replies \ @siggy47 OP 21h
Yes. Curiously, one of the hosts draws parallels between right wing bitcoin supporters and supposed gold bugs who spread that "elders of zion" book. They suggest that the modern bitcoiner is spreading anti semitism. They don't notice the irony of decrying "crypto" lobbying buying politicians with AIPAC's activities.
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47 sats \ 5 replies \ @optimism 21h
Yeah I listened to it, beginning to end. At least they realized somewhere after the 40 minute mark that what they are really afraid of is people being exposed to Bitcoin ETFs without their consent, and I think that if instead of all the fluff and scripted narrative, they ought to focus on solving that particular problem (though doesn't HSBC have a zero tolerance policy towards Bitcoin? Also remember #1034520, lol.)
I still like Molly despite her political alignment because she has been working hard on documenting scams, and hopefully she's here on SN under nym to at least be able to gauge more from Bitcoiners than what happens on the bird app.
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114 sats \ 3 replies \ @siggy47 OP 21h
Personally I found a lot of common ground too in being suspicious of government involvement, lobbying, and the criticism of Trump's shitcoin scams.
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52 sats \ 2 replies \ @optimism 21h
Oh me too. It's the packaging that's deceptive - and the constant mixing bitcoin with scams.
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119 sats \ 1 reply \ @siggy47 OP 20h
Yes. No distinction. Conflating bitcoin with shitcoins.
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103 sats \ 0 replies \ @Bell_curve 18h
Journalism is a dying profession
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52 sats \ 0 replies \ @standardcrypto 20h
bitcoiners need to make common cause with those who would regulate and suppress crypto scams.
right now Bitcoin is being lumped in with shitcoin, and that's not good.
how to make it happen?
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249 sats \ 6 replies \ @SimpleStacker 19h
On a broader meta-commentary level, I think it's a real shame that the first question people ask about a technology is whether it's "left-coded" or "right-coded" (~6 min in)
Like, why are we so polarized that the default short-cut to deciding whether I should support something is which political side supports it?
Another interesting observation is that the host says around 6:21 that Bitcoin is right-wing because it's "anti-government and seeks to disrupt the liberal democratic order". I think today, the people who want to "save democracy" really mean they want to preserve the status quo institutional order.
At 9:52 I had enough. The old white guy tried to tie the desire for monetary independence to pro-slavery confederates. I'm so sick of this playbook of attacking peoples' legitimate viewpoints by trying to link them to fascism or slavery or racism. I don't know if there's a word for it, but it's some sort of historical guilt-by-association, "Well these bad people liked what you like, so you must be bad too!" We can all play that game, like Margaret Sanger was a eugenicist right? I stopped watching at that point, I don't want to give these losers my clicks or watch-time.
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30 sats \ 1 reply \ @siggy47 OP 19h
Understandable that you turned it off. That guy was particularly offensive, repeatedly "blaming" young men for bitcoin. Overall, the general consensus seems to be the system is basically fine. Let's leave well enough alone. No mention of inflation, income inequality, big banks benefitting from the legacy system?
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36 sats \ 0 replies \ @SimpleStacker 18h
I mean I'd sympathize with all their suspicions about Bitcoin... and given the Trump family's involvement and the huge amount of hucksters in the space I'm willing to give wide latitude to people who mistrust Bitcoin.
I just think it's a sh*t move to link a certain point of view to some historically shunned group. Even if it's true, different groups supported different views all throughout history. Please take the arguments at face value and not try to smear your opponents with historical guilt-by-association.
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30 sats \ 3 replies \ @justin_shocknet 18h
It's a practical question to distill the essence of said technology. It's only through this framing that we can understand Bitcoins properties, pro-property rights, anti-censorship, meritocratic "proof of work" / anti-egalitarian... To be neutral is milquetoast, ineffective, and therefore worthless.
Emotional blackmail, that's all they have left.
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0 sats \ 2 replies \ @SimpleStacker 18h
Sure, but why do any of those have to be "left" or "right" "coded". Even the words these people use shows their political obsession. I never use words like left-coded or right-coded or even think those words. You must be super politically obsessed to think in those terms.
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1 sat \ 1 reply \ @justin_shocknet 18h
You have to be naive not to think like that, it's a virtue signal to insist you've transcended the laws of the universe.
Politics is downstream of the intersection of biology and spirituality... it's in all things, the yin and yang, the double helix in your DNA, universal expansion/contraction, chaos and order, the pendulum of time... whatever you want to call it, literally everything settles somewhere between a left-right spectrum. Balance is achieved only through oscillation.
Bitcoin, as a resistant immutable predictable thing, is on the order side of the chaos and order spectrum. Retarded as these people may be, they recognize the pendulum is swinging back against them.
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0 sats \ 0 replies \ @SimpleStacker 11h
I think that may be unique to American politics and the stranglehold of two party politics. But I may be naive to think that as I haven't really experienced politics in any other country.
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46 sats \ 0 replies \ @_stacktoshi 9h
Dave on no cap gains for bitcoin: "why would anybody stick money into a mutual fund if they could stick money into bitcoin and have weird upsides and no taxes?"
I bet this guy has a coinjar he takes to his local supermarket every few months. He thinks that the government should get a cut of the "weird" appreciation from a money designed to undo all the bad things government has done to money! Or he's just simping for his tradfi sponsors. Either way, he hasn't spent six seconds considering the morality of double taxation.
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234 sats \ 1 reply \ @StillStackinAfterAllTheseYears 20h
I like Molly White a lot -- I think she's one of the crypto critics that really does do research, and while she's still often wrong about Bitcoin's future, she's been dead-on about a ton of the scammers in the overall industry. Still, she's much better when she's writing columns as opposed to doing interviews where she's not as prepared.
Also, gotta love this comment from the video:
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21 sats \ 0 replies \ @siggy47 OP 20h
Great comment!
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36 sats \ 0 replies \ @openyoureyes 6h
Is democracy fair?
If you lock up people in a room and wait till they get hungry. Is it democratic when they vote who will get eaten?
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36 sats \ 2 replies \ @spiderman 8h
I think there is an argument to be made that Bitcoin will destroy (or vastly reduce) the welfare state and the warfare state, i.e. reduce the capability of a government to allocate wealth for their political cause (which includes both populist redistributions as well as power projection).
To what extent will it destroy democracy, I am not convinced. America was a democracy long before it became a welfare state and warfare state.
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0 sats \ 1 reply \ @openyoureyes 6h
If you look what the government spend your tax on, the welfare is not the main problem. At least not in america. In america you have no welfare state compared to germany for example. Germany spends more for a illegal immigrant then america is paying for a veteran. And with better healthcare.
Warfare is something you have to worry about and i hope bitcoin will destroy it. America is playing the war card too often without consequences.
No city has ever been bombed to the ground. No president ever said sorry after an attack. Nothing has changed and nothing learned after dresden or hiroshima. Once america was fighting against nazis, now it turned into a nazi regime itself supporting zionism and fighting russians like the german nazis did. They think they rule the world. So many parallels to the past.
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0 sats \ 0 replies \ @spiderman 4h
Well, can Germany fight anyone, like Iran, Russia or China? It cannot.
So it appears welfare and warfare have their own trade-of, both of which need to be funded by a constant stream of newly printed hot money.
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36 sats \ 1 reply \ @_stacktoshi 8h
Oh man, was this painful. Molly White is a broken clock: right all the time when it comes to crypto and the political opportunism regarding bitcoin, but always wrong on bitcoin. Sorry, I couldn't resist trying to make sense of her backdrop:
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0 sats \ 0 replies \ @siggy47 OP 8h
Nice work!
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259 sats \ 0 replies \ @Undisciplined 21h
Freedom > Democracy
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73 sats \ 3 replies \ @0xbitcoiner 22h
youtube link doesn't need this part: ?si=rD06luRrrgZz4SkF
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0 sats \ 2 replies \ @siggy47 OP 22h
???? I don't understand. Can you watch the video?
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41 sats \ 1 reply \ @0xbitcoiner 22h
video is ok. that part of the link is for tracking.
without tracking tags it's much hotter! ðŸ¤
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29 sats \ 0 replies \ @siggy47 OP 22h
Good
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36 sats \ 1 reply \ @justin_shocknet 18h
Slop summary:
This podcast episode, "Crypto vs Democracy: How Bitcoin Billionaires Are Buying Congress," discusses the growing political influence of the cryptocurrency industry in the United States. The speakers, Gil Duran, Molly White, and Dave Troy, argue that crypto has become a political machine with the goal of influencing regulations and politicians from both parties.
Here are the key takeaways from the discussion:
Crypto as a Political Force: The speakers contend that the crypto industry is not just about digital currency but is actively working to reshape the American financial system by influencing regulators and politicians. They link the movement's origins to anti-government sentiment.
Origins and Ideology: The episode traces the origins of cryptocurrency back to the 2008 financial crisis and the creation of Bitcoin. Initially, the ideology was anti-establishment and skeptical of government and bank intervention. However, the speakers note a shift, with the industry now aligning more with right-wing politics and influential figures like Donald Trump.
Political Influence: The discussion highlights how crypto-backed political action committees are spending millions to influence elections, often targeting Democrats. The goal is to achieve favorable regulations and "regulatory capture" of the U.S. regulatory system.
Dangers and Future Implications: The speakers warn of a "runaway Ponzi scheme" where the increasing value of crypto is used to gain more regulatory control, potentially harming the traditional economy. They also express concern about the integration of crypto with the traditional financial system, which could lead to future financial crises if not properly regulated. They emphasize the need for politicians to understand the potential risks of crypto and to defend existing financial structures.
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98 sats \ 0 replies \ @justin_shocknet 18h
Sounds to me like these moonbats have started to figure out the game theory of USAID and the Cantillon exploit, but don't like it when it's used against them
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36 sats \ 0 replies \ @rootmachine 15h
I doubt it will destroy democracy. I will say it will re-organize it. The way it should have been.
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36 sats \ 0 replies \ @ogi099 15h
Bitcoin IS representing a truest form of democracy as for todays world. It might have an impact of what we call 'democracy' today
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93 sats \ 1 reply \ @denlillaapan 22h
good riddance!
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0 sats \ 0 replies \ @siggy47 OP 22h
Ahh!
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36 sats \ 0 replies \ @SwapMarket 15h
three based dilettantes
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36 sats \ 0 replies \ @d680ecaa8e 16h
Could be a very true perspective because they have good arguments they are based on
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36 sats \ 0 replies \ @stax 17h
The geo political game theory of a worldwide digital web of nodes, is that if the Europeans decided to act on the ECB paper and look to capture Bitcoin, with the help of the US.
That would leave an obvious move by other nation states, which are perhaps not in agreement with the Western ideologies to embrace Bitcoin.
Short answer, it's impossible to stop Bitcoin.
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36 sats \ 0 replies \ @Bell_curve 18h
Democracy is overrated.
I voted for hate and fascism
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36 sats \ 0 replies \ @cyphersat 18h
I hope Bitcoin will someday destroy democracies around the world. Because democracy and freedom aren't exactly compatible. Bitcoin is freedom. Democracy is when the majority of people decide what to do with your Bitcoin.
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36 sats \ 0 replies \ @cc7adb6a52 20h
It should rather be Bitcoin vs Democracy
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36 sats \ 0 replies \ @cc7adb6a52 20h
Yes, hope the day comes soon.
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73 sats \ 0 replies \ @Macoy31 22h
Love that mindset Sometimes stepping into the 'inverse clown world' is the best way to sharpen our own thinking and have a little fun while we're at it.
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