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You mean the early adopters who aren't currently left holding the bag - and for the later adopters to make an awful lot of money, they need the rest of society
by loceng 6y ago
You mean the early adopters who aren't currently left holding the bag - and for the later adopters to make an awful lot of money, they need the rest of society to buy into he MLM-Ponzi structure - so then they're the latest holding the bag, and where the largest unnecessary and unreasonable wealth transfer in history occurred - shifting double digit percentage of buying power of all society redistributed weighted towards the earlier adopters; that buying power then as an agreed promise to allow earlier adopters to extract more from all of society than the later/final adopters for doing basically nothing except pumping the MLM-Ponzi scheme with shallow hype-propaganda.
- cmrdporcupine 6y agoHelps that it's a great tool for money laundering. "Love" this dystopia where the interests of organized crime, tax evaders, and easy money techno-fetishists combine. Western Roman empire fell apart in part because of its inability to raise revenues. When states can't raise taxes to provide services, justice, and protection, private lords and strongmen fill the void.
- loceng 6y agoVery good points. Reminds me of Noam Chomsky when he spent 10 minutes explaining how the Republican party was first taken over by corporate interest groups/industrial complexes: https://boingboing.net/2019/04/20/useful-idiots-r-us.html https://boingboing.net/2019/04/20/useful-idiots-r-us.html