Behind the crypto hype is an ideology of social change
Ads for Blockchain, Cryptocurrencies and NFTs seem to be everywhere. Cryptocurrencies are a revolution in the world of Finance.
Crypto technologies are being promoted as a replacement for banks; a new way to buy art; the next big investment opportunity, and an essential part of the metaverse.
To many, these technologies are confusing or risky. But enthusiasts ardently promote them.
I’ve found that behind the hype is an ideology about social change: Hardcore enthusiasts argue that crypto will get people to trust in technology rather than government, which they see as inherently untrustworthy. This ideology leads people to encourage its use while downplaying its risks.
THE TRUE BELIEVERS
"True Bitcoiners" Unlike technology enthusiasts or crypto marketers, Talk about Trust and corruption
The enthusiasts see Bitcoin, blockchain and other crypto technologies as providing an alternative to the corruption.
They argue that these new technologies are “trustless” and don’t depend on institutions. You can buy and sell things using bitcoin without checking with a bank or using government-issued cash.
For crypto enthusiasts, using crypto isn’t just a way to buy and sell things. By using crypto technologies, they argue, society will become less dependent on governments and corporations. That is, using crypto – and getting as many people as possible to use it as much as possible – is a way to change the world and take power away from governments.
Pushing an ideology
These beliefs about who should and should not have power in society embody an ideology. An important part of the crypto ideology is that this change can’t happen unless people use crypto. The technology and the ideology are tied together.
This idealogy is a more extreme version of "Technolibertarianism " which seeks to replace government with technology. Like technolibertarians, true bitcoiners want technology to control society. But they focus on financial and economic control more than civil liberties.
And because promoting crypto is part of this ideology, which seeks to replace government with technology. Crypto has often been compared with a Religion
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