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If nothing else, cryptocurrency might do one thing that is needed, if only roughly and imperfectly, and is to distribute wealth from the the old to the young.
by codingmyway 9y ago
If nothing else, cryptocurrency might do one thing that is needed, if only roughly and imperfectly, and is to distribute wealth from the the old to the young.
It's the one counterbalance to the debt based asset bubbles of the last 40 years that have transferred wealth to pensioners at the expense of the young
- otp124 9y agoCare to explain? If anything, it's wealth transfer from the coin/token buyers to sellers.
- codingmyway 9y agoYes, it's from more technically savvy to less technical so to some degree from young to old. Not exactly of course but it's the one countervailing flow to the housing and other asset bubbles and debt transfer which have massively transferred wealth in the opposite direction.