Cognitive dissonance in one sense, but I think there is something else. There is more than one cohort who are interested in Bitcoin. The transhumanists etc. are ideologically committed to technology. They have a fetish for technological solutions to problems real or imagined. Bitcoiners like myself are often very sceptical of technology, but have come to the conclusion that Bitcoin is one of those rare moments—like the discovery of the wheel—that a huge impediment to human progress can now be overcome.

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Technology, when properly harnessed, is a fundamental force for good. When applied incorrectly, it’s a force of enslavement. The difference between the two is incredibly subtle.