Folks with very little means who invested in crypto/NFTs and lost everything (scammers, price fluctuations, forgetting their password, losing a hard drive).
I don't see any proof that true redistribution is happening.
People who already rich in ETH, spending their ETH on ICO projects, seems like a pretty weak proof that crypto is going to provide true upward mobility for folks who are poor.
@stauffermatt There’s lots of anecdotal evidence that crypto enthusiasts are primarily techies with financial means.
The underlying pillars of the tech itself (the need to have a reliable device, secured wallet, remember your password, electricity, and internet) make it inaccessible for many.
"The majority of BTC has already been mined and is already owned by a very small population. A tinier fraction of that population possesses the majority of mined Bitcoin."
A frequently cited benefit of crypto is that it makes financial assets (fine art, stocks, commodities) more accessible to the masses (NFTs, ETH, Bitcoin).
But I haven't seen a lot of upward mobility in crypto.
@michaelofei@TransistorFM Transistor updates your RSS feed right away, and makes your episode immediately available to anyone subscribed to your feed. 👍
Unfortunately, apps like Spotify and Apple now rely on their own databases, which means they have to update every time you publish a new episode.
“Themes emerged in [people’s life] transitions. They had begun to feel unfulfilled by their work, and then a chance encounter with some world previously invisible to them lead to a series of short term explorations.” – @DavidEpstein