LogFAQs > #965031708

And this:

https://www.ft.com/content/9e787670-6aa7-4479-934f-f4a9fedf4829

For Jackson Palmer, one of the creators of dogecoin the joke cryptocurrency that shot to prominence this year thanks to Musk this has now morphed into something profoundly pernicious. After years of studying it, I believe that cryptocurrency is an inherently rightwing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity, Palmer wrote on Twitter this summer, announcing his permanent withdrawal from the industry. These days even the most modest critique of cryptocurrency will draw smears from the powerful figures in control of the industry and the ire of retail investors who theyve sold the false promise of one day being a fellow billionaire, he added. Good-faith debate is near impossible.

If you're a big proponent of the future of blockchain tech, good for you. But if you really care about the legitimacy of it, you need to stop defending its most prevalent and abused use.