[kamaal]

That's only the positive side of it.

For all this talk of inequality, why don't poor all over the world just throw their national fiat currencies under the bus and start all over from scratch? Sure doing this every few decades should ideally reset the wealth counter to 0 for most of the top 1%.

That is where fiat currencies come in. Because you don't want extreme situations in either case. Do you seriously want a certain large section of world population holding the entire global financial ecosystem at gunpoint and dictate its terms?

Pay x% taxes as we demand or we fork the blockchain and reset it all to 0.