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zimablue | 4 years ago
The real exploitation for 99% of the population isn't someone currency-manipulating your fortunes, it's being a de facto wage slave because we live in a system that decides at birth that you're a slave and 1% of people aren't. Crypto doesn't help you with that, ironically it makes it worse because it helps the kleptocracy move their money. That's who has a use for anonymous money, and they're normally robbing the locals. See: the Panama Papers, Russia
godDLL|4 years ago
Where I'm at I can't own land, only lease it from the govt for a specific purpose. A guy I know ended up paying back-fines for not actually making use of some chunk he leased. The real estate development investment sector is full of horror stories, some from people I know personally. Last year and this, many small businesses did not survive "stay home" messaging, but owe full year's worth of insurance and forward taxes non the less.
How do you accumulate wealth, exactly? Everything you could own depreciates faster and faster with time. There's no way to keep your money. You can make some money by speculating on the uneven depreciation rates of things.
Bitcoin (not other crypto) is specifically a thing one can own for 10 years, and get rid of at some point in the future presumably not having half or two-thirds of it's value gone by then. And I don't own any.
I'm the one-man shop who's business got owned by the govt messaging and now owes them.
js8|4 years ago
Class solidarity and non-violent action. Look at history of 20th century, before neoliberalism took hold.
> How do you accumulate wealth, exactly?
Impossible to do en masse with private capital, since it is by and large ability to command other people. You can increase public goods, this is the wealth that (the society owning it) can increase and benefit from.
People will have to re-learn the lesson not to be so selfish.
throwaway248329|4 years ago
Coincidentally, the 1% are always people who have ties with the State and who have access to cheap credit. Bitcoin solves this.
> Crypto doesn't help you with that, ironically it makes it worse because it helps the kleptocracy move their money. That's who has a use for anonymous money, and they're normally robbing the locals. See: the Panama Papers, Russia
So you see Panama Papers and you infer that that the kleptocracy has any problems with storing their billions in bank accounts? The little guy needs Bitcoin, the kleptocracy does not.