1/ One of the central philosophical dichotomies of our time is between:
2/ Builders are doers, artisans, service providers, traders, entrepreneurs.
They take risks & have skin in the game. They've culled the good ideas over time by discarding what doesn't work – the bullshit.
3/ Bullshitters are intellectuals, yet idiots: academics, media "experts", journalists, social "scientists", macro "economists".
They find shelter from consequences – a place where they can avoid putting skin in the game – so their bad ideas can continue existing.
4/ Politicians, bureaucrats, and think tank "policy advisors" are some of the most damaging bullshitters, because their bad ideas affect others the most by being implemented in coercive regimes (government).
5/ Much of public discourse can be distilled into this conflict between builders & bullshitters. (h/t to @nntaleb who has mathematically defined the fallacies central to bullshitters' M.O.)
The "crypto space" (a bullshitter term) is no exception.
6/ Bullshitters favor centralization, because it gives power to their bad ideas via shielding from wide discourse & critique.
Nearly all #nocoiners are bullshitters: politicians and pseudoeconomists.
7/ #Multicoiners also tend to be bullshitters. They recognize the power of the #decentralization meme as a marketing tool, but actually hate how it prevents them and their bad ideas from possessing control over societal systems.
8/ Therefore #multicoiners create cargo-cult copies of #Bitcoin (#shitcoins) with "decentralization" marketing – along with obviously centralized societal architecture like foundations, corporations, "thought leaders" (the surest sign of a crypto-bullshitter), and PoS.
9/ This distinction is valuable to recognize a fallacious authoritarian from freedom advocates. To take a random example to call out (just because I researched him thoroughly for our interview): @leashless.
10/ While he gives accurate lip service to freedom causes such as gun rights, and critiques bullshit techniques like intersectionality, he also advocates for international "ecomaoist" authoritarian power at the global level.
11/ His background before entering the VC space included a stint at think tank The Rocky Mountain Institute, not surprisingly.
Gupta has invented some great things, but since he believes in the fallacy of academic expert decision-making over the masses, they may not potentiate.
12/ Not surprisingly, @leashless gravitated toward the #Ethereum project, because it masterfully emulates the #decentralization trappings & image of #Bitcoin while retaining a huge amount of centralized power in its original #premine #ICO shareholders, including him.