"...for a certain privileged sub-group of society. All crypto does is to level the field, and that's a big net win in my book."
Is the thinking of some people that problem today is that some very wealthy/powerful have a vast, unfair, advantage over ... other very wealthy people? Or something.
The concept is bizarre. Have you not thought that a process that facilitates unlimited, unbridled competition tends to produce a few winners, the wealthy and powerful, and those winners, having more power, squash the competition following the rules of this unbridled competition, which isn't going to prevent them from using their wealth and power for competition.
Is the thinking of some people that problem today is that some very wealthy/powerful have a vast, unfair, advantage over ... other very wealthy people? Or something.
The concept is bizarre. Have you not thought that a process that facilitates unlimited, unbridled competition tends to produce a few winners, the wealthy and powerful, and those winners, having more power, squash the competition following the rules of this unbridled competition, which isn't going to prevent them from using their wealth and power for competition.