[nosuchthing]

Thanks for explaining where you're coming from.

It's a weird space. I see the general concept behind cryptocurrencies as bringing the same benefits you've outlined and from a technology and software perspective these projects are fascinating.

My contention with most of these projects and users is that in these specific implementations nearly every single one of the cryptocoin projects are designed to enable oligarchical wealth extraction from downstream investors - especially in the case of uninformed users/speculators who join the network later.

The question becomes of sustainability - if there's no underlying value to the asset and it relies on speculation and the supply is heavily centralized among a small pool of early adopters than there will likely be a point where buy pressure runs dry and most of the late adopters will be unable to exchange the same amount of wealth they traded into the system.