Jordan Peterson Flooded with Bitcoin Posts in Wake of Patreon Debacle
Prominent public intellectual, Jordan Peterson, weighed in on the recent decision by Patreon to terminate the accounts of many of its users based on political grounds.
In a tweet posted on Monday, Peterson pondered the ramifications of a banking system which similarly excluded people based on political grounds, saying:
“…imagine if banks started canceling the accounts of people who have committed no offense but did not abide by their corporate mission statement? We’d have political banks.”
The tweet was liked 15,000 times and received 3,400 retweets – an even higher engagement rate than usual for the now global personality that Peterson has become.
But perhaps more interesting was the subject and tone of the +800 comments, a huge swathe of which called for one solution and one solution only: Bitcoin.
Bitcoin Vs Patreon
Crypto twitter spilled over into the real world last night, as Peterson’s tweet attracted hundreds of replies from the cryptoverse. One user chimed in:
“The answer lies in an emerging industry that’s been developing since the 2008 crash: cryptocurrencies, with Bitcoin leading the pack; an independent, open-source, peer-to-peer cash system with an immutable, public ledger.”
Other users echoed these sentiments, and Peterson’s thread was awash with the one word statement: Bitcoin.
Others, however, took a more cynical approach, with one user suggesting that cryptocurrency has been part of the plan to abolish personal liberties since the start:
“Yep! No cash anymore, just officially whitelisted crypto which obviously is backdoored / stripped of it’s decentralization capabilities … alternatives are illegal and heavily punished … and you are even worse off than today Bright new world.”
Coming in from the practical side of things, another user reminded everyone that even if crypto could fulfill its side of the bargain, the likelihood of the average users fully utilizing its potential seems slim:
“Crypto is only part of the answer. Most people will not host their own wallet and most people can only get Bitcoin by purchasing it with fiat. Both realities make censorship possible. The 3rd party company hosting your wallet can censor you as can the exchange selling you Bitcoin.”
Peterson’s journey into the mainstream public eye is not too dissimilar from that of Bitcoin. First there was an aura of controversy, and even danger. Then, people started to see that there was some utility in what they both offered, and now the mainstream media is taking notice.
If we take Q4 of 2016 as the start of Bitcoin’s slow ascension into the summer of 2017, then you could say that both BTC and Peterson started their bull run’s at the same time.
Given that one of Peterson’s debating partners, Sam Harris, has already cancelled his own Patreon account in an act of protest, it would be interesting indeed if mainstream adoption of cryptocurrency were to arrive via piggybacking on another internet-based social movement, which started off just as controversial as Bitcoin.
Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.
Featured image courtesy of Shutterstock.