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This implies that crypto is a democratizing force. So far, it's been mostly early adopters wanting to preserve the system under which they are wealthy and powerful. Who can blame them? I'd do the exact same. But in other words, the same age-old pattern that is barely any different from the banking system that crypto was supposed to bypass, except the inequality actually manages to be quite higher.



I don't know what you're talking about. I call authoritarian someone who thinks that they can circumvent an individual's freedoms arbitrarily by finding enough people to agree with him/her. The topic of cryptocurrency is only one that is good at revealing someone's authoritarian tendencies.


I think there's a line between being authoritarian and supporting a system where democratically elected officials can enact laws. This isn't about crypto, this is about respecting rule of law in society.

> I call authoritarian someone who thinks that they can circumvent an individual's freedoms arbitrarily by finding enough people to agree with him/her.

I suspect there are a lot of people who agree that counterfeiting money isn't something that should be allowed. Are they all authoritarian as well?


Sure, but there are principles that come before the laws themselves.

If following the principles leads to a degradation of the rule of law what would you do?




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