Why does it seem like every crypto just goes up?
The answer is simple - they’re a great place to put money you don’t want anyone to track, tax, or stop. Which has always been billed as a selling point of crypto, not the only one that matters. But if crypto is really just digital art or e-luxury condos, then we can expect that the value of every single crypto will only increase over time - which is exactly what they all appear to be doing.
Crypto is simply a place where money can escape. And the Axis is the long-term beneficiary.
They don’t talk about it yet, but this is the true lance through the heart of Warrenism - the strain of pseudoresistance inspired by Senator Elizabeth Warren Thought to which a plurality Axis-aware leftists and liberals ascribe. Though Warren was defeated, Warrenism remains alive and well and looks to be the default approach USian left/liberal forces take to “deal” with the Axis.
Warrenism can be understood, as it sells itself, as a technocratic attempt to advance liberation by applying leftist ideological assumptions about the primacy of the role of finance in shaping material conditions to actually-existing problems. Warrenism is also paired with a radical disavowal of using hard military force against reaction, though some of the wilier ones try to integrate it - as if Liz would ever actually pull the trigger on the Axis or that Warren’s social base would ever be capable of demanding war.
Of course, Warrenism’s bio is yet another instance of leftist wishcasting covering up the actual effects of their project, but that’s the story they tell.
In practice, Warrenism manifests as a magical belief in the power of the manipulation of capital flows to counter reaction domestically and globally. It also posits that these capital flows are the true prime movers of reaction, and if they can be strangled, then reaction will wither away. No bombs needed!
Under Warrenism, herrenvolk don’t exist. Alawites fought and died for Assad by the tens of thousands for eggs and clocks because they can’t make a buck doing anything else but looting Sunni-majority Syrian communities, which they also verbally disparage because they’re on the clock.
To Warrenista’s, it’s “sectarian” to acknowledge the Alawite-dominated Assadist herrenvolk and effectively supports Assad, just as saying that the Good Germans who were stealing geese from people they conquered to send back home were happy fascists effectively supports Hitler.
To Warrenistas, ethnic Russians don’t actually support the Syrian Genocide, even though about ten of them have actively protested against it since the one little protest in 2015. To Warrenistas, especially those in the lefty Russia/Ukraine “analyst” community, Russians are just repressed by an evil dictator who can be defeated via sanctions and who hasn’t ruled Russia for thirty years due to some level of popular consent for Russian fascism - despite the fact that Syrians, who actually have had their protests bombed by Russia and Assad for a decade, continue to fearlessly show up.
Which is also why there aren’t any “anti-war” protests against Putin’s invasion of Ukraine.
You get the idea.
Warrenism is obviously a dead-end for combating reaction, regardless of how much her boosters insist She’s The One because she wasn’t quite coached into giving a boilerplate statement about Idlib when directly asked - and who also totally did not consign those in Idlib to mass murder at the hands of Assad on national TV, as Warrenism’s adherents violently insist.
However, crypto delivers a death blow to the entire notion that you can sanction the Axis away that consistent failures of the strategy just can’t. Crypto is the financial system the Axis could only dream about. And Warrenism's finance-only stats are powerless against it.
Warrenistas simply can’t negotiate a climate change treaty with China that shuts down the Uyghur slave labor that builds a significant portion of crypto’s infrastructure. Warrenistas can’t sanction crypto. Warrenistas can’t stop the rising tide of crypto, which offers an on-tap pool of wealth that can’t be confiscated to the Axis. All Warrenista approaches fail when applied to the realities of the crypto ecosystem.
Only airstrikes on crypto mining facilities will change the balance. But then this itself shows the absurdity of Warrenism - if you follow it logically, you’ll only target capital flows, not reaction itself.
As such, crypto’s defeat of Warrenism is itself something of a sideshow, since Warrenism is premised on, ironically, treating symptoms (which themselves don’t exist as described and are just leftist wishcasting) instead of the root problem - that fascism can only achieve state-level power when it has mass support. Any “leftist” thinking cannot account for the existence of fascist constituencies. They can’t be grasped - or fought - through economic reductionism, which all leftism is ultimately premised on.
Warrenistas have yet to contend with the total defeat crypto deals to their playbook, but this is no matter. They will continue to consolidate their position as the vanguard of the pseudoresistance against the Axis - a phalanx armed with tin spears, stabbing helplessly at the tails of the elephants thrashing them.