, 7 tweets, 3 min read Read on Twitter
1/ Hypothesis: currently available #cryptoassets can’t help but be sub-optimally distributed given only half of the global population is online. en.wikipedia.org/wiki/Global_In…
2/ Put another way, the fact that ~80% of the “developed world” is online, while only ~40% of the “developing world” is, presents a huge problem for #crypto if our intent is to lessen inequality.
3/ Not to be dour, but it's been a daunting recent reflection of mine, and points to how early we potentially are in the crypto movement.
4/ But to throw a twist in, it's only early if our intent *truly* is to lessen inequality, "bank the unbanked," etc.

If instead, deep down, it's for all the "developed world insiders" to get rich, then no, it's not too early.

Crypto is already doing a good job at that.
5/ Which leaves me to ask myself, and to ask you, if #crypto's "philanthropic rallying cries" are just an excellent tactic for misrecognition.

(per Bourdieu's conception of misrecognition: powercube.net/other-forms-of…)
6/ Because if we're being sincere with the philanthropic rallying cries, then a larger focus needs to be building out online access, as that's necessary to physically carry the "bits of capital" to everyone.
7/ A last note: imo #crypto’s not as much about banking the unbanked as it’s about capitalizing the uncapitalized - but I’ll leave that for another day.
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