Meta shareholders rejected the Bitcoin plan with less than 1% in favour. The proposal called Bitcoin a hedge against inflation and weak bonds. GameStop and Metaplanet are among firms copying Saylor’s Bitcoin play.
I believe any good thing you can say about crypto will eventually be coopted and controlled by capital.
The same is true for all “disruptive” technology unless it’s built specifically to be hostile to monied interests, like the fediverse - and even then, you have to continue defending it against incursions.
As soon as you could exchange it for real money it just became another tool of capital to move in secret.
I believe any good thing you can say about crypto will eventually be coopted and controlled by capital.
The same is true for all “disruptive” technology unless it’s built specifically to be hostile to monied interests, like the fediverse - and even then, you have to continue defending it against incursions.