Collapse or change to the better? Crypto currencies might be a good catalyst for this ..https://twitter.com/Plinz/status/1018802527700246528 …
Crypto currencies do not allow regulation of the money supply. This leads to extreme inequality effects (as you can observe in the distribution of Btc among accounts). In its current form, crypto cannot be used a tool for resource allocation, it is only useful for speculation.
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I know what you mean - but I think there is potential there so it can be used for resource allocation in the future. Even maybe Resource Based Economies (RBEs) Currently unfortunately it is mostly used for speculation - you are right with this. Makes me a bit sad - but look ahead
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I have not yet seen a single model that convinced me that Crypto can be a viable replacement for a properly regulated monetary infrastructure.
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