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Tech Billionaires Launch Fund to Create New Libertarian Societies (www.vice.com)

submitted 11 months ago by sculd to c/technology

62 comments fedilink hide all child comments

More efforts from tech bros to build Rapture.

Interesting quotes:

it had backing from tech heavyweights such as billionaire Coinbase CEO Brian Armstrong, AngelList co-founder Naval Ravikant, and venture capitalist** Fred Wilson**, a Coinbase board member who sold his shares in the company for $1.8 billion after it went public in 2021.

“Bitcoin, if it wins, completely changes the world, because it changes the ability of centralized states to do what they’ve been doing,” Srinivisan said in a presentation delivered to a Bitcoin conference in Amsterdam in October.

The Bitcoin-based Network State will be based on “internet values” such as “open source” and “peer-to-peer,” Srinivasan has written.

An utopia run on Bitcoin? What could possibly go wrong?

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[–] luciole 55 points 11 months ago (2 children)

The basic idea is that the West has declined irrevocably, beginning with what Srinivisan calls the birth of the centralized state that disempowered wealthy industrialists with antitrust laws, securities regulation, central banking, and adversarial journalism. Now, the thinking goes, we’re on the backswing with wealthy individuals reclaiming their power over supposedly corrupt public institutions, and we have the internet and its currency—Bitcoin—to lead us out of the darkness.

So the billionaire techbros feel powerless (wtf) and are offended by criticism (oof) so they want their own techbro dictatorship with no free press. Also please no peasant to support, only exploit. Got it.

[–] PoliticalAgitator@lemm.ee 22 points 11 months ago (1 children)

Libertarians are mostly just neoliberals who are upset they're not allowed to be more psycopathic.

Their new utopia will tear itself apart with greed, drugs and sex abuse just like all the old ones.

[–] drwho 5 points 11 months ago

It's been said that libertarians are republicans that want to take acid.

[–] thesmokingman@programming.dev 20 points 11 months ago

I pull the same quotes you bolded to rip into that. They’re about to rediscover things like pricing cartels, company script, and child labor. Either they all pool all of their money together and collaborate to take advantage of everything together or they fall apart as they get fucked by each other and start reinventing the same rules we’ve made over the last several centuries. I kinda feel like the latter is more likely given how much ego all these coffin dodgers have and how close pooling resources + working together for the common good is to nasty things like socialism.