/biz/ - Business & Finance

>>53010091
Unironically, you would need to stop being republicans and stop making it associated with tax dodging, drug runnning, child trafficking, "free market" and "libertarian" stupidity. You would have to advocate for properly regulating it, and doing so responsibly. You'd have to stop pandering to this culture of "deflationary currency" or "non inflationary currency" because those are ideas that are going to hurt the working class tremendously, so nobody is ever going to want to use such a currency. You'd have to address the climate change and sustainability issue. Essentially you'd have to change everything you are and bring it back to it's old days when it was mostly a lefty thing that a bunch of well-meaning nerdy lefty geniuses were into. It was ruined by boomer rightwingers colonizing the space and speculating on it. Now everyone hates it and believe me perception of crypto IRL is REALLY unpopular due to all of you people.

And FTX is like a giant billboard of a plastered example of how libertarian ideas are such sociopathic failures, and yet still I haven't heard any of you say like "oh yeah, we were wrong, we gotta change this shit and stop being libertarians" so nothing is gonna change

The free market, anti-regulation ideas that you all have on this board, and others like this board, eventually culminated in so much chaos and shit that you collectively destroyed the public perception of your own favorite asset.

Because you all vehemently resisted regulations, because cryptospace has all been colonized by republican libertarians, you eventually had the inevitable banking collapses that happen in a free market system. And all of the inevitable financial fallout, which devastates normal, working class people's lives far more than it devastates the lives of the wealthy (this is why we had bank bailouts in 2008).

You know, you all did this. You all caused this. By being such a toxic community. By stringently adhering to a set of far right, insane political ideas that are 1) objectively false 2) objectively don't work 3) universally hated by all because most people have at least some small semblance of an education and thus know exactly why "free market libertarianism" is faulty

Anyway, the result of your own toxicity is now that you've tarnished your own asset class. You've got a currency that you turned everyone off of. Everyone hates it now. Because they associate it with you, and they associate it with the financial pain that your "le free market" ideas have caused them.

>https://www.cnbc.com/2022/12/07/just-8percent-of-americans-have-a-positive-view-of-cryptocurrencies-now-cnbc-survey-finds.html

This is why we have the federal reserve. This is why we have government agencies. This is why we have regulators. This is why we have central planning, and bailouts. Because your ideas and views are simply false. They do not exist or work in the real world, they cannot, and they cause real working class people tons of pain.

Thank god I was smart enough to sell a year ago