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RE: Is The Crypto Currency Community Creating Its Own Monetary Enslavement?

in #cryptocurrency7 years ago

When accumulation of money is the epicentre thought process behind interaction with the blockchain

I agree with this leading to the cage. I'm perfectly fine with people having money and even being wealthy. It's how you accumulate that wealth and what you do with the wealth is what I focus on. It seems there are many wealth accumulators doing it at the expense of their fellow man through high fees. I understand things can't be free, but there has to be a limit of costs associated with transactions.

Also, I wonder what happens if the lights go out and people didn't diversify properly. Imagine all of the money stuck in digital assets that people would not have access to. The people who put their whole life savings into crypto to chase a buck would be in a world of hurt.

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