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RE: The Absurdity Of The Present System
While it is true that the rich are becoming richer and the poor are becoming poorer, as ownership (e.g. capital gains and dividends) will potentially make a person more money than employment could.
Does cryptocurrency not have the same problem or greater compared to the USD? As you mentioned early investors could get very rich off of cryptocurrency as we are talking about a deflationary currency. But what about those who do not or cannot invest right away (Either due to lack of funds or non-access to the technology required to purchase). Will the same problem not exist and be compounded?
I dont think it poses the same problems because of utility tokens. We are seeing the era begin where people can get tokens simply for doing things they normally do. There are incentives being provided. Take @actifit. Here is an app that pays people, in what will be a SMT, to move. That is a radical difference from the system we are in.
Project this out 2-3 years from now. How many tokens will there be like this? People are going to be paid to do most things they do. Anything you can think of will be tokenized.