RE: It was never about capitalism vs communism - it was always about centralized vs decentralized

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It was never about capitalism vs communism - it was always about centralized vs decentralized

in liberty •  8 years ago 

Great post, Rick! What do you think about current cryptocurrency politics? Are cryptocurrencies subject to the problem of regulatory capture? We see a lot of controversies both in Bitcoin and Ethereum.

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There will absolutely be parties trying a regulatory capture, and yes, there are forking flames raging in both communities. In the end, I do believe the decentralized market will win out, but I never expected such a victory to be contingent of an acceptance of democracy among Chinese miners...?