More efforts from tech bros to build Rapture.

Interesting quotes:

it had backing from tech heavyweights such as billionaire Coinbase CEO Brian Armstrong, AngelList co-founder Naval Ravikant, and venture capitalist** Fred Wilson**, a Coinbase board member who sold his shares in the company for $1.8 billion after it went public in 2021.

“Bitcoin, if it wins, completely changes the world, because it changes the ability of centralized states to do what they’ve been doing,” Srinivisan said in a presentation delivered to a Bitcoin conference in Amsterdam in October.

The Bitcoin-based Network State will be based on “internet values” such as “open source” and “peer-to-peer,” Srinivasan has written.

An utopia run on Bitcoin? What could possibly go wrong?

  • schmorp
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    461 year ago

    ‘Tech Billionaires give all wealth away to end world hunger.’ ‘Tech Billionaires lobby for wealth tax with national governments.’ ‘Tech Billionaires realize they are normal people like anyone else, not super smart world-saving geniuses, and finally shut the fuck up.’

    Now these would be news.

  • luciole (he/him)
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    411 year ago

    The basic idea is that the West has declined irrevocably, beginning with what Srinivisan calls the birth of the centralized state that disempowered wealthy industrialists with antitrust laws, securities regulation, central banking, and adversarial journalism. Now, the thinking goes, we’re on the backswing with wealthy individuals reclaiming their power over supposedly corrupt public institutions, and we have the internet and its currency—Bitcoin—to lead us out of the darkness.

    So the billionaire techbros feel powerless (wtf) and are offended by criticism (oof) so they want their own techbro dictatorship with no free press. Also please no peasant to support, only exploit. Got it.

    • @PoliticalAgitator@lemm.ee
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      161 year ago

      Libertarians are mostly just neoliberals who are upset they’re not allowed to be more psycopathic.

      Their new utopia will tear itself apart with greed, drugs and sex abuse just like all the old ones.

      • The Doctor
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        21 year ago

        It’s been said that libertarians are republicans that want to take acid.

  • @GiddyGap@lemm.ee
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    91 year ago

    No society should accept billionaires. There are so many other people who are in dire need. It makes zero difference if they have a billion or a 100 million.

  • @teawrecks@sopuli.xyz
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    71 year ago

    Of course “libertarian” here is code for “oligarchy”, because they know modern libertarians in the US are aggressively apathetic, will let them get away with anything, and thus form a perfect base to appeal to and dominate.

    • interolivary
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      1 year ago

      The only libertarian I personally know is anti-LGBT+, just not as rabidly outspoken about it as a “regular” conservative. He’s the sort who’d be happy with gay people being murdered on the streets as long as he doesn’t have to do it himself

      • @sculd@beehaw.orgOP
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        31 year ago

        That is my observation as well. When it really comes to personal liberty they don’t really care. Remember that libertarian tech bro like Peter Thiel (who is gay btw) somehow thought the world is “too woke” and continues to fund conservative politicians taking away gay rights.

  • @ulkesh@beehaw.org
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    41 year ago

    Libertarians (n., plural) - Sooo…. Conservatives.

    Perhaps they can take all the asshole Republicans (leaving the reasonable ones…I know, not many left) with them and we can be left with a society that doesn’t suck and is instead filled with leadership that may have opposing viewpoints, but are willing to compromise — like, you know, mature, scientific, educated adults would.