Earlier quoted context omitted.
I would generally agree, and have brought up my concerns in regards to accountability before. (not in the context of crypto) And while this is true in theory, the reality as far as I can tell is that we already have a system of no accountability - for a certain privileged sub-group of society. All crypto does is to level the field, and that's a big net win in my book. Now if panama and paradise papers had lead to any…
> And while this is true in theory, the reality as far as I can tell is that we already have a system of no accountability - for a certain privileged sub-group of society. All crypto does is to level the field, and that's a big net win in my book. This isn't true at all. What you describe isn't really relevant to cryptocurrency. You might as well advocate for the abolition of taxation to "even the playing field." The…
No, not at all. Taxation is another broken system that needs to be fixed, not abolished. Voting has proven to do nothing. The act of protesting has done little, and continues to be attacked with nonsense bills.
All that's left is what everyone has been repeating for the past five decades: To vote with our money.
Now people are creating ways to remove their money from systems that are controlled by regulators that continue to disappoint. It's a consequence more than it is anything else. Obviously this, too, has its own set of drawbacks, but "societal disaster" really is not the one I'm worried about, because we're already headed that way with what he have right now.