Crypto has been the subject of much criticism from those on the political Left, many of whom see cryptocurrencies like Bitcoin (BTC) as being associated with libertarian or right-wing ideas. One common perception is that cryptocurrencies and other blockchain-based technologies, such as nonfungible tokens (NFTs), exist for the primary purpose of concentrating wealth, scamming investors and otherwise replicating existing financial and power structures — just in a more unregulated manner.
On Episode 16 of The Agenda podcast, hosts Ray Salmond and Jonathan DeYoung chat with author and podcaster Joshua Dávila, host of The Blockchain Socialist podcast and author of the new book Blockchain Radicals: How Capitalism Ruined Crypto and How to Fix It. Dávila is critical of the capitalistic tendencies of much of the crypto space and offers up an alternative informed by his perspective as a self-described “socialism maxi.”