Therefore, Nakamoto’s invention of Bitcoin, which essentially gave birth to the crypto industry, was a form of protest. With Bitcoin, Nakamoto offered an alternative to traditional currency controlled by central banks and governments that constantly put the burden of bailing out companies on citizens.
Bitcoin was designed to bypass governments and establishments that control the supply of traditional currencies, allowing individuals to transact via a decentralized medium called blockchains. It tracks, therefore, that the earliest adopters of Bitcoin and crypto were tech enthusiasts and libertarians opposed to control and surveillance by centralized authorities, including banks and governments.
“Bros I don’t think crypto is a counter culture movement anymore”
Counterculture movements propose values that are different from or opposed to mainstream culture. Crypto was once viewed as a means of defying the mainstream culture of dependence on centralized financial authorities.
“There will always be parts of crypto that are counter culture, though, and others that aren’t.”
“It makes sense, like 30 percent of the crypto community went from libertarian types to some boot-licking version of MAGA.”
“Better this than specific groups dictating what should and shouldn’t be.
We can’t eat our cake and have it too!”
Many crypto holders also viewed Coinbase’s sponsorship as a way to maximize gains, while withholding judgment.
