The cryptocurrency world is awash in libertarians. The underlying nature of cryptocurrencies—decentralized currencies that don’t require a middle-man and can’t be controlled by the government—is music to libertarian ears. A common complaint against libertarians, and therefore against many cryptocurrency advocates, is that they are inherently selfish. Because they don’t advocate for government-sponsored social welfare programs, they don’t care for the poor and those in need. Therefore, cryptocurrency projects are primarily about greed and getting rich.
Is this true? Do cryptocurrency projects exist simply for selfish reasons? And will the rise of cryptocurrency make things even worse for the poor?