If you oppose #bitcoin you won’t have the money to oppose anything else.
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The most common reason why people get into cryptocurrency is that they don’t trust governments with economic regulation. The biggest problem with how cryptocurrencies economically function* is that, once enough people use them for them to become economically viable, they start developing all the major problems which forced governments to regulate their economies in the first place.
That’s not to say that economic regulations don’t ever have problems - they very much do - but for people who aren’t criminals, or reckless greedheads, or free-market fanatics who have no issues with the richest locking everyone else out of the market (or are foolish enough to believe that won’t happen), most regulated economies are safer than unregulated ones.
*I specified “how cryptocurrencies economically function” because, depending on your political priorities, you might see other issues surrounding them as bigger problems.
I looked into him a bit and apparently he’s deep into blockchain woo. Which I really should have realized was going to become a thing eventually. Some of his quotes look like this:
#Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.
His less obtusely metaphorical quotes strongly suggest that he considers himself a prophet, and he’s prophesying the end of government-backed currency, and… also he apparently thinks poor people don’t have any meaningful power or voice, and those who don’t buy into the one true crypto (Bitcoin) before the currency collapse are going to be rendered poor… so I’m thinking that maybe the #god-complex tag is appropriate here as well, or at least would be if there was more context in the OP.
When I can withdraw £10 & £20 notes from a cash machine and spend such at a supermarket, convenience store etc late at night, then Shitcoin opposes itself.
Give me one good reason - via the immediacy & practicality demonstrated by my country's currency: just as others do so with theirs - why I shouldn't oppose Craptocurrency, Michael FAILor.
I just keep thinking of standing duty on the submarine over a weekend.
Bitcoin, and in fact any cryptocurrency, requires the eminently government backed internet in order to function. If governments fail, the internet will within hours become unreliable at best, until the day the entire network can no longer be maintained.
In response to the most obvious Devil’s Advocate: Private companies will actually coordinate to keep the systems running? And that makes them different from a government in which way, again?
Someone said a good while ago: “If cryptocurrencies were the future then furries would have long adopted it by now.” Furry art circles are in fact absolutely against crypto and NFTs and it’s not hard to see why between the amount of stolen art, hacked wallets, and amount of spam crypto bots send to anyone they can.
Confused?
So were we! You can find all of this, and more, on Fundies Say the Darndest Things!
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