> It'll never be a perfect system. But overall we shouldn't under-estimate the impacts of the wealth transfer [2] created by BTC, ETH, etc, to the hands of youn

> It'll never be a perfect system. But overall we shouldn't under-estimate the impacts of the wealth transfer [2] created by BTC, ETH, etc, to the hands of young and tech-believed optimists. The wealth transfer is through ponzi schemes, shit coin pumping, and luck. There's no new merit here--instead of lucking out and making a fortune because you majored in finance, you lucked out and majored / are interested in computer science at an opportune time and place. The systemic issues still exist, and the same class of people are still benefiting. Framing this as the money is going to tech bros instead of finance bros, like that was a quality we wanted in the system, is hilarious. Please recognize your own bias. (Not you directly, but the people who are justifying this after the fact)