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Lol. So the relatively few mega-wealthy — who hoarded practically all the USD in the world — are angry that the relatively-poor have come up with a new system o
by DSingularity 5y ago
Lol. So the relatively few mega-wealthy — who hoarded practically all the USD in the world — are angry that the relatively-poor have come up with a new system of value within which they are now relatively-rich? Well maybe the wealthy class should have left some for the rest of the people. Maybe the wealthy shouldn’t have fleeced every market they cornered as aggressively. Maybe they should not have constantly avoided providing healthcare, education, maternal/paternal, and quality-of-life benefits because they would cost them a few percent of annual profits.
Is it a wonder that so many hope that mankind abandon the USD for BTC with such force that half the billionaires become millionaires and the other half go broke?
- robjan 5y agoCryptocurrency has not solved the problem of a few people owning the majority of the assets. The problem has just been recreated with different people.
- mathw 5y agoWon't happen. The billionaires will just buy Bitcoin. Their investment managers probably already are.
- stiltzkin 5y agoNot BTC but central banks now are planning their own digital currencies, BTC will be the first and old legacy cryptocurrency where it will hold as value until it stop mining BTC. BTC will be replaced by other digital currency in the future eventually.