The web3/crypto community seems to select for individuals with an almost proud ignorance of the law and state power. The same personality that can make a 21st-century gold bug pitch (e.g. a world on crypto is one without wars, Bitcoin is impossible to ban, or Luna is magically stable et cetera) is one that reacts to an arrest warrant by no showing and tweeting.
Gold and gold buggery are separate. Gold and silver have deep precedence as money. They're also useful commodities. Gold buggery involves retail investors disproportionately allocating to gold as a buy-and-hold asset, often with emotional attachment. Those buying crypto because it's going to free the world or whatever resemble the latter.
This could be an interesting thread in itself.
https://www.kitco.com/news/2022-05-26/Gold-is-an-antique-ins...
https://www.cbc.ca/news/business/gold-canada-reserves-1.3443...
You don’t need to stick it in a bank when you’re digging it up in a those volumes every year.
The truth is probably based on the money they received from selling the gold as a retail coin
Gold scams have been around for a significant number of decades. Bitcoin has been hyped to death for its entire existence, in spite of the "properties" it shares with gold.
Note: I own neither.
They may use some terminology that sounds similar to counter culture at face value (eg "stick it to the big banks!") but they aren't doing this in the counter culture mode of rejection, they are simply using it as a sales pitch towards moving more crypto.
And the problem with that is what? State power and law failed us.
Generally: if you’re trying to fix something, understanding how it works is usually a good start.
Specifically: pompous ignorance leads to gross negligence and criminality so stupidly brazen a B-list editor would send it back for being unbelievable. The sort that is rampant in crypto/web3.
Yes the fix is clear to me. Remove KYC+AML from the banking/monetary system. The expansion of crypto is in part a response to a pompous ignorance of government officials, attempting to impose a search of your papers merely for banking and the government implementing policies so stupid even a B-list editor wouldn't believe it.
The government failed so other actors came in, then everyone made a sad face that when the government failed alternatives were found.
"Expect for roads"
"And sewers"
"And protection from invaders"
"And enforced contracts"
And so on...
