An interesting point of view you offer here and on the whole I have to agree. I would however offer another regarding the nature of wealth and it's creation.
I see wealth as a surplus that most of us are motivated, to one degree or another, to accumulate as a surety for our natural desire for self continuity (security of basic needs). The model you present is extremely common and perhaps the most often pursued yet it is still out of reach for the large majority of people in the world who fall into the lower middle class or low income brackets. Sadly this is also true of the current state in crypto space, at least in so far as pursuing the 'growth' model.
To my mind one of the greatest advantages of the cryptosphere is that it naturally lends itself to a 'flow' model of wealth creation. The best analogy I have conceived for this is irigation water flowing over a farmers field. The more water an individual can divert to his/her fields the larger the field can be and the more produce they have to generate surplus. Of course the unused water flows back into the original source and helps the next farm down the line. At the same time produce flows into community stimulating economy.
As you point out often and quite correctly both the 'growth' model you write about here and this 'flow' model can be manipulated to benefit a select few. Fortunately I think that we have the opportunity with crypto to change this for a more symbiotic success dymanic rather than the traditional parasitic one. A number of posters here on Hive and particularly on Leofinance have repeatedly noted how crypto puts siginificantly more power in the hands of ordinary people. Most particularly because transparancy makes it possible for anyone to 'see' what is going on and who is doing what. With that we gain the ability to oppose parasitic practices in economics and 'boycot' those who practice them.
On the whole I believe you are quite correct, it will be very interesting to see how The Wealth Effect changes as participation in crypto grows. And we can expect that to become observable in months and years rather than in decades.
Blessed be.
It certainly does worth watching. We will see how it all plays out. I do believe that those who involve themselves consistently have the opportunity to benefit. The tokens that require buy in, as you mentioned, exclude the lower income brackets. We need more options like Hive where people can get involved and amass stake. From there, it can grow.
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