|
| "Is crypto the newest scam to transfer wealth from the taxpayers to the wealthy?"
Yes the whole point of every large organized society is to transfer wealth from workers to leaders/rulers/wealthy and farm their labor. That is also the whole point of paper currency that has a free floating exchange rate. Get people to save in dollars than expand the currency by just enough so that people keep using it but the pain is not bad enough that they make substantial changes. A double taxation method that most people don't think about or fully understand. No one puts that amount of effort into governing without a payout.
Bitcoin is a boring yet stable network that could function as the base layer of economies money. Just need to build on top of it to scale transaction per minute so not everything is done on the bitcoin blockchain itself(very easy to do) or use something else for small purchases.
Governments need a faster horse to jump onto if/when paper money is run into the ground with its unlimited supply that expands at 6-7% best case scenario. | |
|