Toxic Tribalism Draining Cryptocurrency’s Human Resources


The cryptocurrency space has expanded and advanced at an astronomical rate. First, there was Bitcoin, and it took a long time for other competitors to enter the space in order to try and add different directions. A prime example would be Ethereum that aimed to take blockchain to the next level. 

However, Bitcoin is now in huge competition with hundreds of different blockchain and coins. Some of these are even forks of the original coin. But the backlash of this has seen communities sprout up with these new coins, and these communities are deeply supportive of their chains. 

But, being supportive of one chain has also led to an almost militarist attack of other chains. In fact, it had led to something that was called the Civil War, when Bitcoin Cash forked from the original Bitcoin chain because certain sectors of the community were calling for bigger blocks, among other things. 

It has caused a degree of tribalism that does not have too many positives for the advancement of blockchain, and even the growth of the cryptocurrency space. It was this tribalism that Chris Burniske, a well known crypto commentator, decided to address in a threat on Twitter. 

The partner at Placeholder began by calling the tribalism in Twitter’ Toxic’ marking early on just what his thoughts are on the whole thing.

“Tribalism is the biggest drain on crypto’s human resources that I see today,” Burniske said

“Tribal toxicity drives newcomers away, has caused valuable talent to leave the industry, and clouds the thinking of the committed.”

His issue with the tribalism is the fact that it has led to a drain in the space where people who were innovative and excited were quickly harassed and hassled to the point they decided to call it quits and leave based on the fervent tribalism.

“To those that aren’t deep in crypto, we all look like part of the same movement. It makes no sense that a movement attack itself. We end up looking incoherent, nasty, and immature. Who wants to join such a movement?” he added.

Burniske also added how cryptocurrency is in a prime position to get a foot in the global economic door as the current situation is dire and those on the outside are looking for an alternative. 

“Meanwhile, traditional finance is trapped in a negative interest rate experiment, capitalism is no longer working for the majority, and faith in our institutions is crumbling. A perfect opportunity for us to onboard more contributors, and yet instead we sit here bickering.”

Darryn Pollock
Darryn has been interested in the blockchain and cryptocurrency space since he heard about Bitcoin in 2015. He then decided to use his journalism degree to report on this fascinating fintech space in 2016, and has not looked back since.

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