>As opposed to our current financial system No that's not what I was saying and this is one of the most terrible things about any cryptocurrency discussion. Pe

>As opposed to our current financial system No that's not what I was saying and this is one of the most terrible things about any cryptocurrency discussion. People can't seem to avoid viewing it as something "opposed" to any current financial system, when that's not true. Cryptocurrency at best is the same as the current financial system and that's a huge stretch if you can somehow avoid all the negative externalities created by the insistence on using blockchains. So I would really suggest you avoid this angle when talking about this. Yes, all money is technically "fake". The difference is that real currencies that function as currencies are backed by some kind of real productive human activity to sustain that thing. Cryptocurrency by definition is not this, and it never can be unless you discard the fundamental concepts of it. >but it sure would make for an interesting redistribution of power. No not really. If you define "interesting" as something unpredictable and dramatic, then it would be more interesting to have the government raise tax rates to 99% and then randomly redistribute the proceeds via lottery. But nobody wants to talk about that because it doesn't require any kind of tech solutionism like cryptocurrency does. And also it would just be awful for most people. But hey, if you just want to convince some rich people to voluntarily pool their money into a trust that then redistributes it via lottery, you might as skip straight to that and avoid all the cryptocurrency shenanigans.