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> “capitalism really only becomes legitimate when the greed of some is for the benefit of the many.” > “Crypto, though, is about the introduction of scarcity;
by viksit 5y ago
> “capitalism really only becomes legitimate when the greed of some is for the benefit of the many.”
> “Crypto, though, is about the introduction of scarcity; its payoff is decentralization, at the cost, at least for now, of convenience and speed.”
ergo, crypto is,
- decentralizing the “greed of some” away from centralized tech companies.
- decentralizing the “benefits to many” away from centralized governments.
if this is true, and this will lead the vanguard of the next revolution, then his closing point is that crypto is still in its installation period. and a turning point in ~10 years, and a widespread deployment in ~20 (if we follow the mac and mosaic timelines and shorten them by a bit).
society in 20y has the potential to have ridiculously different distributions of wealth than we can imagine!
- viksit 5y agohaha now i’m curious why this was downvoted
- WhisperingShiba 5y agoYou already know why, it just boggles the mind; that its really happening on this forum.
- dougmwne 5y agoWasn't me, but I think people are getting tired of this bizarre crypto optimism. You think crypto is going to redistribute wealth to the masses? People with all the wealth also have all the power and control all the weapons. Think they'll just give it all away? The currently powerful will either make crypto serve them or will make it illegal.