Chris thanks for sharing. I agree wholeheartedly with your general message, max claps given, but would be wary of the statements above.

Economics of scarcity implies exclusion, which might be true of a single cryptocurrency in isolation, but when we consider them collectively, there is no exclusion, which is a good thing, otherwise there would be no change towards reducing inequality. Also, there are decentralised cryptocurrencies emerging from evolution beyond blockchain and mining (both of which have issues), for example, IOTA.

We can take some satisfaction that the establishments are beginning to recognise the power of decentralised cryptocurrencies, which is a good thing, because now there are some standards starting to appear (Well, one at least!) that help us describe things with common general terminology.


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