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by SwimSwimHungry 1868 days ago
I do liken cryptocurrency as a sort of voluntary "redistribution of the wealth" but from the peanut gallery to early adopters and the already objectively "rich".

This really feels like a kind of "screw you, I've gotten mine" form of capitalism.

1 comments

So like all forms of capitalism for 95%+ of under 40s
Perhaps... but cryptocurrency makes this far more blatant and obvious. It really is sold as some kind of pipe-dream and a miracle financial instrument.

Yet tell that to those who lost their shirts on Mt. Gox, Binance, any of the black swan events within the past few years, etc.

It's really a technology-packed MLM.

This has always been the way, people bought lotto tickets because there was nothing to lose and everything to gain.