Technical mastery has long been part of religious or spiritual awe, as well as a means to create or strengthen power relations... Bitcoin and all the aura surrounding its creation had this same characteristic.
"Within our present oligarchic, exploitative, irrational, and inhuman world system, the rise of crypto applications will only make our society more oligarchic, more exploitative, more irrational, and more inhuman."
This is the boringly-obvious Oedipus tragedy of Bitcoin. It is as if this histrionic “rebellious child” of neoliberalism suddenly began demanding consistency from the father, the neoliberal establishment...
"Bitcoin City, without a doubt, will precipitate land conflicts to clear the space to build it, and will lead to the expropriation of people’s lands. In a country that is as demographically stressed as El Salvador, this is inevitable."
"DeFi and ReFi cannot ever make a long term difference in cutting the cost of financial intermediation unless they actually synthesise trust. But trust is inherently entangled with the human condition and human agency."