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> Big businesses have been built on top of this world, including exchanges, investment funds and lending platforms This is an important data point about the na
by college_physics 4y ago
> Big businesses have been built on top of this world, including exchanges, investment funds and lending platforms
This is an important data point about the nature of the emerging digital society - whether we like it or not. It would be swell if somebody competent (and not captured in any way) investigated and drew conclusions about what all this means and what kind of risks it is seeding for our collective future.
The arbitrary confiscation of concepts such as "value", "business", "asset", "investment" and "use", coupled with the unfairness and rent-seeking nature of the official system and the increasing ease of bootstraping alternative "financial systems" (FSaaS) suggests that the crypto phenomenon is not a one-of aberration but potentially a recurring malaise. If there was any chance that digital technology can lead to a better financial system it seems to be as remote as ever.
Btw the first name of the author is Satoshi...