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this post was submitted on 17 Feb 2025
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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i think it'll turn out muchhh less dramatic. look up cryptobros, how many of them died at all, let alone this way? i only recall one ruja ignatova, bulgarian scammer whose disapperance might be connected to local mafia. but everyone else? mcaffee committed suicide, but that might be after he did his brain's own weight in bath salts. for some of them their motherfuckery caught up with them and are in prison (sbf, do kwon) but most of them walk freely and probably don't want to attract too much attention. what might happen, i guess, is that some of them will cheat one another out of money, status, influence, what have you, and the scammed ones will just slide into irrelevance. you know, to get a normal job, among normal people, and not raise suspicion
I'm probably being a bit hyperbolic, but I do want to clarify that the descent into violence and musical knife-chairs is what happens if they succeed at replacing or disempowering the State. The worst offenders going to prison and the rest quietly desisting is what happens when the State does something (literally anything, in fact. Tepid and halfhearted enforcement of existing laws was enough to meaningfully slow the rise of crypto) and they fail, but if they were to directly undermine that monopoly on violence I fully expect to see violence turned against them, probably at the hands of whatever agent they expected to use it on their behalf. In my mind this is the most dramatic possible conclusion of their complete lack of understanding of what they're actually trying to do, though it is certainly less likely than my earlier comment implied.