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I do liken cryptocurrency as a sort of voluntary "redistribution of the wealth" but from the peanut gallery to early adopters and the already objectively "rich"
by SwimSwimHungry 5y ago
I do liken cryptocurrency as a sort of voluntary "redistribution of the wealth" but from the peanut gallery to early adopters and the already objectively "rich".
This really feels like a kind of "screw you, I've gotten mine" form of capitalism.
- midasuni 5y agoSo like all forms of capitalism for 95%+ of under 40s
- SwimSwimHungry 5y agoPerhaps... but cryptocurrency makes this far more blatant and obvious. It really is sold as some kind of pipe-dream and a miracle financial instrument. Yet tell that to those who lost their shirts on Mt. Gox, Binance, any of the black swan events within the past few years, etc. It's really a technology-packed MLM.
- midasuni 5y agoThis has always been the way, people bought lotto tickets because there was nothing to lose and everything to gain.