My only problem with this description is that it also describes markets at large. Because markets are always intended to be exponentially growing in real value over time, any individual entering them and holding assets will accrue assets at a great amount than people who can not afford to. Over time this results in greater and greater accumulation of wealth into the hands of those who originally simply possessed more.
This is a fact that has been evidenced by ever increasing amounts of wealth concentration in the hands of fewer and fewer individuals over the past 50 years. [1]
Unfortunately, it seems cryptocurrency is a just an extension of the many of the systems we already have that are described in fiat amounts.
This is a fact that has been evidenced by ever increasing amounts of wealth concentration in the hands of fewer and fewer individuals over the past 50 years. [1]
Unfortunately, it seems cryptocurrency is a just an extension of the many of the systems we already have that are described in fiat amounts.
https://www.newyorker.com/news/john-cassidy/pikettys-inequal...