Technocapitalism (2024)

Technocapitalism, as seen in the crypto world (blockchain, fintech, public goods), is presented as a hybrid of socialist, communist, capitalist and anarchist ideas, rather than a simple extension of traditional capitalism. The author argues that decentralized finance lets anyone with internet access pursue capitalist practices, and that asymmetric wealth opportunities are treated as ordinary within the industry. Examples include memecoin airdrops to Vitalik Buterin's wallet, which he donated to public goods, and DAOs like nounsDAO that incubate capitalist behavior through tokens, which the author calls hypercultures.