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[edit: misunderstood the initial statement; disregard the part that was previously here] > The barrier for entry in the legacy financial system is way way high

[edit: misunderstood the initial statement; disregard the part that was previously here] > The barrier for entry in the legacy financial system is way way higher. Have you ever applied for a banking license? One doesn't have to have a banking license to use the local fiat currency of one's nation (basically, one is born into it). And one must do almost nothing to get a check from the government if they decide to stimulate the economy by handing out money to those who showed they had very little on their last tax return.

px43 4y ago
You don't need to be a staker to use Ethereum either. You can also stake with a few clicks on a website if you're using a web3 capable browser. You don't need to buy anything fancy or even open up a terminal if you don't want to. If you're into UBI type stuff, yeah, there are multiple UBI projects on Ethereum https://www.proofofhumanity.id https://www.proofofhumanity.id There are a ton of other projects that allow people to share storage space, compute, art, information, etc to earn cryptocurrencies. People contribute what they can to the network, and are compensated for their efforts. Projects like gitcoin are raising millions of dollars for people who volunteer to provide public goods, from performing security audits on large open source projects, to cleaning plastic out of rivers (https://gitcoin.co/grants/ https://gitcoin.co/grants/). Seems to me like the Ethereum ecosystem is far more altruistic than many current governments.