1.2 KiB
1.2 KiB
Crypto has a weird subculture
Crypto currency is an example of a self-organizing high control group whose existence organically creates a market mania, bubble and narrative economics that entices the public to invest in the asset class or join the group and its subculture.
Since the asset class is non-productive and negative-sum the crypto scheme depends largely on narratives of "money for nothing" and "easy wealth" that clash with traditional readings of economics. These schemes may depend on technosolutionism or libertarianism to justify bringing more greater fools into the scheme.
Crypto culture depends heavily on a distortion of language to signify belonging to an ingroup and leans heavily on thought terminating cliches to quell dissent or rational discourse.
References
- [@golumbia_bitcoin_2015]
- [@olson_line_2022]