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by cryptica 2212 days ago
>> We're seeing a current example of 2/3 with the Coronavirus government stimulus, which went directly into plutocrat pockets while the masses were handwaved away with a token gesture.

This helps to maintain an illusion of scarcity. It keeps the productive working class desperate for fiat money. The realist is that there is no scarcity of fiat at the top echelons; this is made clear by the high valuation of cryptocurrency projects.

The top 1% has so much free money coming in that they can toss it away some cryptocurrency projects with no effect at all on their lifestyles... And in doing so they also hedge their personal risk against the reality of an unsustainable fiat system of which they are currently beneficiaries.