Due to the current uncertainty, will more people be looking for the security of real ownership over that of conceptual ownership?
If this thought went mainstream I think it would revolutionize the way people think about finance. I think, in reality, that most of the non-crypto population (and even a significant portion of crypto-lovers) don't really think about their assets in this way. The idea that 'conceptual' ownership of gold that isn't really theirs would really disrupt their feeling of security in standardized assets.
It's funny how the SEC ruled crypto a 'security' in the U.S. I read a post earlier by @taskmaster4420 that talked about the current system and the way it is controlled by the super-rich like Jeff Bezos. It was quite interesting, drawing up the idea that cryptocurrency ecosystems are a way for the people to fight back and shift the balance of power (obviously a long-road approach).
Anyway, great post. Thanks a lot for sharing your always incredible thoughts!
The system incentivizes te accumulation of wealth which can then be used to accumulate more. It isn't Bezos in the wrong, he is playing the system very well indeed (perhaps even somewhat unintentionally at times) - the system is of course, very, very broken however.