[andrewxhill]

On your second argument, the rich get richer.

Again, it's definitely true... across the entire economy. In most of the economy, there are pretty much two parties that own the organizations. Those who create the organizations (e.g., founders and some employees) and those who invest in the organizations (wealthy entities). What's different in web3 is that many great projects are working to introduce a 3rd (or more) slice of the pie: the community. Some places to look for this are DAOs working on grants to underrepresented people, Gitcoin Grants & quadratic funding for funding public goods etc, any good token distributions for new tokens, or community-driven networks like Audius or Helium.

It's pretty early days, but I think lots of people _inside_ of web3 are working really hard on this problem.

Two really great Sunday evening links: This one is a fascinating argument to more precisely frame how speculation leads to innovation, so why the belief of investors is a good thing https://www.youtube.com/watch?v=k_GNLPniic4. And this one, connecting crypto to a long thread of history (and economic access) https://overcast.fm/+kmaHgw-3s