1/ All depends on your perspective...if you believe the government should be the solution to people's problems, then the fiat system with its "controls" has a lot to offer.
https://twitter.com/ummjackson/status/1415353984617914370
2/ If you believe government solutions are often inefficient, overpromise/underdeliver, and come with unintended consequences, and that personal responsibility mixed with free markets will create better outcomes for everyone, then crypto is a much needed breath of fresh air.
3/ You have to remember, free markets are messy. A lot of bad ideas need to get tried to find breakthroughs. People need to make their own choices. But history shows that they lead to better outcomes for everyone, even the poorest 10%. blog.coinbase.com/how-digital-cu…
4/ Check the countries of the world, and ask yourself if you'd rather live with more economic freedom or less. en.wikipedia.org/wiki/Index_of_…
5/ Accredited investor laws are a good example. They were created with the best of intentions, to protect regular people from scams - a noble idea. But what has been the actual result? They've often made it illegal to get rich via investment, unless you're already rich.
6/ This is part of why Bitcoin has made so many people wealthy. It was not a security, so regular people could invest early on.
7/ Crypto is not going to solve wealth inequality - it's not trying to create the same outcome for everyone. But it does create wealth mobility and more equality of opportunity for everyone. It levels the playing field, at least to some degree.
8/ Ultimately, everyone can choose the system that works best for them. For people who want more "controls" in place around their financial life, the fiat system is already there.
9/ Crypto is simply providing an alternative for people who want more freedom. Everyone can make their own choice, and that is probably a good thing.
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