this post was submitted on 07 Aug 2023
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TechTakes

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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.

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Nice backgrounder on a bit of BTC meme-ry. Mentions our resident no-coiner @dgerard@awful.systems

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[–] bitofhope@awful.systems 5 points 1 year ago* (last edited 1 year ago) (1 children)

Even when understood as appropriately dystopic, the citadel story is still sneerworthy as it gives way too much credence to buttcoins. Inasmuch as the citadel situation is not already here, it is/won't be coiners specifically but the capitalist owner class in general that does/will lord over the rest of us in their ivory towers of paranoia and greed. That class may incidentally include a handful of coiners who beat the massive odds, but does/probably will contain more finance leeches of a more traditional kind.

Even in its original conception the whole story basically validates a Stonetoss comic (here's a funny edited version that probably lets you get the gist of it I'm not gonna link a nazi webcomic thanks for understanding) and that's super cringe.

[–] gerikson@awful.systems 3 points 1 year ago

BTC/crypto is "revolutionary" in the original sense (I owe this to Mike Duncan's podcast series). Before the French Revolution, the term meant "regime change" - the people at the top were replaced , but the system remained intact. Coiners don't want to overthrow capitalism, they just want to replace the current people in charge with themselves.