The next coin whatever should just name itself tulip coin. ¯\_(ツ)_/¯
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Political and technical processes are generating enormous wealth inequality and capital concentration while also weakening people’s sovereignty and leverage over capital. Tulip coin is just a symptom—so is the rest of our turmoil.
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Hey, upside: The world faces no acute, immediate crisis like a global war. Great tech available. Flush with (lopsidedly distributed) cash. Eminently solvable crisis. But march of folly is indeed hard to swim against. ¯\_(ツ)_/¯
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End of conversation
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Bubbles are a symptom of maldistribution.
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'At present rate of increase, Bitcoin mining will consume all of the world's electricity by 2020'.. https://powercompare.co.uk/bitcoin/ . There's a dystopia for you.
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