Why Crypto Debates are So Pointless
There is no logical argument against crypto, because crypto is a secular religion mixed up in a Wall Street cash grab
There are many debates about crypto happening across many forums. Personally, I get invited to do debates all the time for an endless amount of podcasts and panels. Except for a few non-public events behind closed doors, I almost exclusively turn these offers down because I’ve found the experience to be a lesson in futility. After all, very little of either the narratives or analysis of the externalities of crypto are assailable by reason or logic. The entire phenomenon is almost exclusively a cultural and political movement that just so happens to have some technology embedded in it — reminding a bit of element of recent populist movements worldwide. However, there are overwhelmingly two camps of apologists for crypto: the financially and the ideologically motivated.
The first is the motivation of your typical hedge fund manager or Wall Street trader. They’re motivated purely by the opportunity to make money off crypto, wholly detached from whatever the underlying thing actually is. Hedge funds will literally trade anything that moves where there’s a market with enough liquidity and money to be made off the bid-ask spread. There is plenty of money to be made when…
