| The %1 has preferential, essentially exclusive access to high risk, high reward investments, namely startups and hedge funds... but bitcoin and ethereum etc give regular people access to such invesmtents that accredited investors would previously had exclusive access to. This enables the %99 to invest in a way they couldn't before. There are a lot of people who got rich because they got into bitcoin early... well, here's the secret-- it's still early. Very early. Bitcoin solves the censorship issue-- nobody can stop you from transacting your bitcoin. It's not perfectly private, but things like z.cash and other technologies are enabling the anonymous own and control of bitcoin. Printing money is a form of theft. People will pay for services they want. There's no problem for Amazon or Walmart or any of hundreds of service providers getting people to pay for their services. They don't have the ability to just print money to pay themselves (and give to the well connected-- it's ironic you call this a tool when we have seen $10T in new money issuance since 2008 that has mostly gone to politically connected %1 to enrich themselves at our expense.) Censorship happens all the time-- government prevents you from buying insurance under Obamacare, for example. (literally, obamacare plans have no underwriting and thus are not insurance) that's a whole category of goods that are moral yet illegal to sell, and you are forced to buy an inferior product to replace it that doesn't deliver on the same promise. Further, censorship is present in the form of border controls-- there were reports of agents stopping people on jetways as they were boarding jets to search to see if they were taking gold out of the country. From 1915-1975 approximately it was illegal to own gold in the USA and smuggling was occurring.... that's literal financial censorship and it ended not that long ago. There are a great deal of controls on USD movement, FINCEN wants to track your assets internationally, and ultimately restrict what you can move and when... that's censorship. |
The censorship issues you describe are describing people that already have money, so i don't know how these people don't follow in the above category. It sounds like these people don't want to pay any gov tax, well those are the kind of people that should stop using any of the services that society pays for using tax. They wouldn't go very far if that was to happen would they. I don't feel bad for them. If gov tax is such a big issue, why even live in society, money surely came to your pocket from society in the first place, you had to make it somehow, whether legally or illegally. So you definitely benefited. Essentially you are stealing from everyone in society when you are attempting to avoid tax or tariffs when moving your money out of the country. How much money do you really need man? The people that are investing in bitcoin are not living on a dollar a day.
Bitcoin is not for everyone and it does not make it easier for wealth to be distributed or aids upward mobility unless you count the early adopters which a lot of them just so happen to be insiders in the first place. Similar to insider traders.
Borders aren't going anywhere for a while. The real question is if these people have this money that are scared that it might be taxed or prevented from going out of the country. How did they make it in the first place?
The points you bring up have to do with people which do not want to support the society in which they live. They want to take more of the pie and bitcoin is an avenue for that at a larger scale than before.
I'm not looking for moral high ground here, but i just don't see how it benefits the regular population.
Ladies and gentleman, time to buy, it has been noted that suddenly bitcoin will solve the US health insurance problem. Right...
Smuggling will always occur before and after bitcoin.