I agree - those in the new money category often eschew continued wealth creation and instead choose to play status games (generally via purchasing luxury goods à la Nicolas Cage) that may have played a significant role in our evolutionary past but that nowadays, I would submit, are utterly trivial with respect to status.

Unfortunately, conspicuous consumption and planned obsolescence are staples of our consumerist society. In my case, minimalism has been an effective counterbalance; however, even if the legitimization of cryptocurrencies as an asset class generates unprecedented wealth for the multitude, I do not envision a majority of them escaping from the high time preference mindset that fosters said staples.

And yet, who knows? If incentives are aligned properly and principles are prioritized above instant gratification, then fiscal responsibility may very well become the rule and not the exception.