[nathias]

Yes, the bankster grandpa Dahl is right. Crypto is not for you, it is not for the very wealthy old americans that have build the 'open' web of platforms and sucked the value out of all the corners of the Earth. It's for the rest of us.

[kibwen]

You realize that there's literally nothing stopping Old Money from buying their way into cryptocurrency ecosystems and concentrating their wealth there too, yes? In fact it's even easier for wealthy people to speculate like this, because unlike poor people, wealthy people have disposable income. Cryptocurrency is a playground for the wealthy and the model for our futuristic serfdom dominated by a digital aristocracy (a class that will have almost perfect overlap with our modern aristocracy).

[nathias]

There is, its risk. They are rich and risk averse, we are poor and have nothing to lose except our tiny paychecks. Wealthy people have assets, poor people have time. There is very little freedom and social mobility left in our decaying system and crypto is all there is left.

There is of course the possibility that the current aristocracy will apropriate our tools for themselves (they sure are trying), but I see the potential for a much better world, one where democracy is restored and enhanced by technology.