>This is my point, it’s all me, me, me. What about the people that lose everything.
I think that's a very important point. Contrast cryptocurrencies to free software. The free software activists intended to give every user more power, to let anyone modify and share the software they use.
But crypto is different. Instead of empowering everybody, it replaces one concentration of power (old money and fed) with another (new money and whales). So naturally, the arguments in favor are increasingly of the type "this will be good for me": support crypto so that you, too, can carve out your part. Or don't and "have fun being poor" (i.e. left out of the concentration of power).
If crypto were about empowering everybody, it would consider pump-and-dumps in particular and preferential attachment in general to be bugs, not features. But it doesn't, not as long as number go up.
I think that's a very important point. Contrast cryptocurrencies to free software. The free software activists intended to give every user more power, to let anyone modify and share the software they use.
But crypto is different. Instead of empowering everybody, it replaces one concentration of power (old money and fed) with another (new money and whales). So naturally, the arguments in favor are increasingly of the type "this will be good for me": support crypto so that you, too, can carve out your part. Or don't and "have fun being poor" (i.e. left out of the concentration of power).
If crypto were about empowering everybody, it would consider pump-and-dumps in particular and preferential attachment in general to be bugs, not features. But it doesn't, not as long as number go up.