Chris Carella
@ccarella.eth
There is a great wealth redistribution happening in crypto. Money is flowing from people who think memecoins are some kind of intellectual salvation to those who are stealing their money. Is this cryptocommunism? Intellectuals, organized crime, it has all the elements.
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aferg
@aferg.eth
Is it not literally crypto capitalism? I don’t understand the attempt to link to communism
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Chris Carella
@ccarella.eth
Capitalism requires consent. Theft is not capitalism.
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aferg
@aferg.eth
How are people not consenting when they confirm to transact and buy meme coins? Are meme coins somehow taking peoples seed phrases and then draining their wallets without their involvement?
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Chris Carella
@ccarella.eth
Some are legit gambling. Some are just scams. You think you are supporting a fair launch and the.ñn it’s a honeypot or an lp rug.
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aferg
@aferg.eth
So you’re agreeing that they are consenting and this is in fact capitalism. I agree that there’s a lot of fraud and that it is detrimental, but it’s important to accurately describe reality when making valid criticisms, no?
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Chris Carella
@ccarella.eth
Metaphors are thought provoking. Getting people to even admit their is fraud that is detrimental is not as obvious as it seems in this space. Sometime you need to just get their attention.
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aferg
@aferg.eth
Anyone still denying there is fraud is really living in a fantasy world now lol
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