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RE: RE: Gap Closing In On Middle Class, Is It Becoming Either Poor Or Rich?
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RE: Gap Closing In On Middle Class, Is It Becoming Either Poor Or Rich?

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"How is crypto worse than government economic policy, will be nice if you elaborate.
You must have notice I mentioned in the article, the help from crypto isn't an immediate one. It requires having to wait much longer for investments to mature, now it is anyone's choice to either wait or continue doing the same thing over the years with same result."

Sure, so for example bitcoin is the best cryptocurrency out there. Meaning it has the most liquidity, stability and security. About 87% of bitcoin is owned by 1% of the entire network. In other cryptos it's likely worse. Contrast that to government economic policy and even if it's 1% owns 47-50% that's still better than 87% ownership. Only 2000 wallets own over half the bitcoin network.

So can you see what that comes out to? It comes out to alot less economic prosperity for everyone else. It's a less prosperous system not more.

"So I do have a good reason to be hopeful of crypto."

Good story and probably not the norm.. It's probably less likely people can sell he tokens because it's not alot of liquidity or opportunity here. Why be hopeful when we can just change the system to ubi.

"Everyone entitled to free money is that what you are is that what you mean?"

Well i wouldn't call it free money. I'd call it a dividend for our investment in the network and the network's vice versa investment back into us. For example, listen if i'm creating the content that makes a social media platform valuable. Than i'm not producing free content they are receiving free content unless they pay me a tech check. Now where i think crypto gets it wrong is that my contributions have no value yet it has a value. It's not an equitable formula doesn't make any sense. No we should receive a tech check everyone of us not because we deserve free stuff but because collectively we all contribute to this network and if you're interested in that join bitcoin myk and stop giving networks free money. You're giving them the free money they make more from your attention value than you make. i don't think it's fair and i think bitcoin myk will eventually convince you all to stop that.

@mykos: "How is | Ecency