People who gravitate towards bitcoin are the Liberatian types, they are extremely scared of inflation, money printing, government overreach, they hate taxes, IRS, Customer due diligence laws, KYC etc.
They think Bitcoin is the way towards techno-utopia and that the single, most impactful thing you can do to reach techno-utopia is to base the entire global financial system of on Bitcoin, so that its inherent scarcity, deflation, no-taxation and freedom would enable countless of positive externalities and effects downhill.
People who gravitate towards Ethereum on the other hand are the Silicon Valley types: they don't have strong belief with regards to government , they don't spend too much time worrying about government at all. They spend time worrying about themselves and their surroundings.
They are concerned with 2 things:
1) Escaping personal irrelevancy by creating products/services that people will use , but always within the framework of the government
2) Productively channel their inner hatred towards existing products/services, and I'd also add their personal hatred towards the successful creators/administrators (eg. Zuckerberg, Jamie Dimon, Vlad, Ken Griffin..). All that in order to convince themselves, their co-workers and most importantly the public that such old institutions not only can be disrupted, but need to be disrupted ASAP because they are evil, and their creators/administrators are evil, and if they are not disrupted they'd cause harm and spread evil.
I've definitely seen these sentiments in the crypto space, it's really obvious if you even dip your toes into it that you will see these kinds of opinions and groupings. I also share some of the opinions that you're laying out here.
However, please keep in mind that they are generalizations. There are a ton of people in the space that are simply fascinated by the technology and looking to build something cool, and also people that are simply using crypto as a portion of their portfolio as it's been the highest performing emerging asset of our lifetime. There are also people that are just using cryptos as currency. There's countless reasons for being in the crypto space, and generalizing them to two simple groups is not quite accurate.
I partly agree with both of those sentiments. I think DAOs have the potential to replace nations and cryptocurrency's most revolutionary use case at the moment is being a playground for innovation in governance.
GDC7|4 years ago
People who gravitate towards bitcoin are the Liberatian types, they are extremely scared of inflation, money printing, government overreach, they hate taxes, IRS, Customer due diligence laws, KYC etc.
They think Bitcoin is the way towards techno-utopia and that the single, most impactful thing you can do to reach techno-utopia is to base the entire global financial system of on Bitcoin, so that its inherent scarcity, deflation, no-taxation and freedom would enable countless of positive externalities and effects downhill.
People who gravitate towards Ethereum on the other hand are the Silicon Valley types: they don't have strong belief with regards to government , they don't spend too much time worrying about government at all. They spend time worrying about themselves and their surroundings.
They are concerned with 2 things:
1) Escaping personal irrelevancy by creating products/services that people will use , but always within the framework of the government
2) Productively channel their inner hatred towards existing products/services, and I'd also add their personal hatred towards the successful creators/administrators (eg. Zuckerberg, Jamie Dimon, Vlad, Ken Griffin..). All that in order to convince themselves, their co-workers and most importantly the public that such old institutions not only can be disrupted, but need to be disrupted ASAP because they are evil, and their creators/administrators are evil, and if they are not disrupted they'd cause harm and spread evil.
shiohime|4 years ago
However, please keep in mind that they are generalizations. There are a ton of people in the space that are simply fascinated by the technology and looking to build something cool, and also people that are simply using crypto as a portion of their portfolio as it's been the highest performing emerging asset of our lifetime. There are also people that are just using cryptos as currency. There's countless reasons for being in the crypto space, and generalizing them to two simple groups is not quite accurate.
c21h30o2|4 years ago