> So IMHO crypto currencies are an aspect of hyper capitalism pretending to be something else.
Yes, exactly! The "problem" cryptocurrency solves is people with wealth having too many restrictions on that wealth.
I think blockchain technology is super interesting, and insofar as cryptocurrencies are an implementation of that technology they're interesting, but I'm very much not in agreement that they're solving any real problem that needs solving, and in fact the concept of cryptocurrency as money actually exacerbates an already bad situation. If one is worried about a small number of economic elite having undue influence over society, crypto is part of the problem, not the solution.
Yes, exactly! The "problem" cryptocurrency solves is people with wealth having too many restrictions on that wealth.
I think blockchain technology is super interesting, and insofar as cryptocurrencies are an implementation of that technology they're interesting, but I'm very much not in agreement that they're solving any real problem that needs solving, and in fact the concept of cryptocurrency as money actually exacerbates an already bad situation. If one is worried about a small number of economic elite having undue influence over society, crypto is part of the problem, not the solution.