by Shiriru00
I was just pondering the fact that crypto put more money out to finance political corruption donations in the recent US election than anyone had in previous history.
It strikes me that since its introduction, Bitcoin actually has made pretty much everything worse.
Helping divert power to corrupt autocrats and crypto-loving oligarchs? Check.
Enabling fraud, crime and money laundering on an unprecedented scale? Check.
Allowing rogue states to evade sanctions and divert billions in ransomware and other scams? Russia, NK, Iran, etc., check.
Fostering a mindset where people want to get rich by being online parasites, evading responsibility and taxes and contributing nothing? Check.
Making climate change even worse by burning up more energy than literal countries, generating massive amounts of e-waste, only to enable an offshore casino for tech bros (as well as all the crime)? Check, check.
I can think of no issues that Bitcoin made better, and so many that are way worse.
It makes Satoshi genuinely one of the worst people in recent history. His net negative contribution to society is massive for a single individual. Maybe he didn’t intend for all that shit to happen – but I wouldn’t put it past his “basic Libertarian bitch” persona either.
I’d be happy to be proven wrong and that Bitcoin is actually useful for something other than enriching assholes while the world burns. But I’m not holding my breath.