If you go deep into the crypto world you'll find that this messaging resonates well with "degens" (as they sometimes call themselves).

They love this stuff, it signals how "pilled" you are. It may or may not have to do with a large proportion of them being high on drugs (weed, psychedelics, cocaine), in addition to obviously being terminally online and bubbled. They are also extremely anti-authority, because a lot of what they do breaks the law in bigger and lesser ways, especially tax/financial law.

And they often will drive millions and millions of dollars of crypto toward these ventures, often anonymously.

You have to read these kinds of things in the context of the target audience, which is very real.

Source: I made it out.

▲

codingdave 22 minutes ago | parent | next [-]

> You have to read these kinds of things in the context of the target audience

No, this is a legal document. You need to rip subculturally-driven context out of your mind and read it as a legal document.

▲

RobGR 5 hours ago | parent | prev | next [-]

I think "degen" for "degenerate gambler" refers specifically to those who make wild, all-in bets without any more research than a quick scan of twitter and telegram memes. Not those who would actually parse a multi-page manifesto document.

▲

janalsncm 3 hours ago | parent | prev | next [-]

> They are also extremely anti-authority

Alright we will see how long that lasts. If they want to enforce their “contracts” they will need a court (i.e. an authority) to order the opposite party to abide by their contract and if they don’t, police (i.e. an authority) will force them to court and enforce what the court says.

	▲	TZubiri 2 hours ago \| parent [-]
		The idea with crypto is not to need courts, the court would be the "global computer", contracts (actual cryptocurrency term) are computer programs running in the Ethereum VM. Bitcoin originally imposed this idea on payments, and Ethereum attempts to create this computational contract system for the non monetary consideration of contracts (the harder half of the contract).

▲

skeeter2020 3 hours ago | parent | prev | next [-]

>> They are also extremely anti-authority

There's a big difference between anti-authority and a-hole, knee-jerk opposition defiance disorder, but even if you're right wouldn't the people being asked to sign this contract be the last people to do so?

▲

andai 5 hours ago | parent | prev | next [-]

wtf I love ethereum now

▲

embedding-shape 5 hours ago | parent | prev [-]

> They are also extremely anti-authority

Don't say it isn't so!? The community founded on circumventing existing financial structures are anti-authority? Next you're gonna tell me anarchists don't like individual leaders, or that socialists care about healthcare.

Source: I suppose also "made it out" although it wasn't hard, I left my job, like any other industry. Worth knowing as well that the cryptocurrency ecosystem isn't nearly as "internally" aligned as some people want you to believe, there is a large range in weirdness in the ecosystem, not just what parent above shared.

▲

ceejayoz 3 hours ago | parent | next [-]

> The community founded on circumventing existing financial structures are anti-authority?

But that's the thing; they aren't. They just want to be the authority.

	▲	cowlevel 3 hours ago \| parent \| next [-]
		Ethereum in particular has some history with that. A long time ago they espoused this principle called "code is law", and then one time the code for something called "The DAO" did something they didn't like, so they overrode the code. To this day the Ethereum consensus rules specify that a certain hardcoded transaction ID should not do what it literally says it does.
	▲	skeeter2020 3 hours ago \| parent \| prev [-]
		[dead]

▲

glitchc 3 hours ago | parent | prev [-]

> Next you're gonna tell me anarchists don't like individual leaders, or that socialists care about healthcare.

There's an irony embedded in both positions. Everyone cares about government, anarchists care about overthrowing the existing government in order to replace it with their own version. Similarly, everyone cares about healthcare, socialists care about other people paying for their healthcare.