Here we can see a point of vulnerability as more money is removed from the banking system and held within cryptocurrency.
Not sure if it is accurate to call this as “wealth transfer.” Informally studying economics for years, I stumbled with at least three concepts of wealth transfer. The first one is propagated by prosperity preachers where they teach that a time will come that the wealth of the wicked will be transferred into the hands of the righteous. However, they lack the details how will this happen except by using a narrative in the Old Testament when the Jews migrated from Egypt to the Promised Land. Ron Paul talks about a different kind of wealth transfer, which is a transfer of wealth "from the less well-off to the well-to-do" as consequence of the existing monetary system. The third one was introduced by information explosion with the advent of the Internet. This idea is popular among Filipino-Chinese entrepreneurs that I happened to be a member of more than a decade ago. Reading your post, I am just thinking that perhaps this migration of money from the current banking system into cryptocurrency is the kind of “wealth transfer” that many have been looking for.
We are in the early stages. At present, it seems we are in the capital generation phase. While this never goes away, it is the primary focus right now.
I wish to be included in this capital generation phase.
The capital we are generating is nice from a personal wealth perspective yet the goal of cryptocurrency should be to radically alter humanity.
This a great vision. I see no tension here between the personal goal of an individual and the greater good.
!PIZZA
!gif vision
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