Re:Ask HN: What non-obvious tech/market may take off in the ...
by cryptica on Saturday August 22, 2020 @12:15PM
(#24245087)
Technology is no longer a tool for economic growth, it is now almost entirely a tool for economic control. So investors should adjust their strategy to the new reality.
"Does this technology provide a means for seizing control of the existing economy?" That's the question which investors should be asking.
I think cryptocurrency is the only technology which can achieve this due to the way it transcends existing legal frameworks in terms of ownership rights; a bit like the notion of corporate personhood allowed corporations to gain an upper hand and transcend the legal frameworks of its time.
Corporate stocks were vehicles for inter-generational wealth transfer and the next vehicles will be cryptocurrencies.
"Does this technology provide a means for seizing control of the existing economy?" That's the question which investors should be asking.
I think cryptocurrency is the only technology which can achieve this due to the way it transcends existing legal frameworks in terms of ownership rights; a bit like the notion of corporate personhood allowed corporations to gain an upper hand and transcend the legal frameworks of its time.
Corporate stocks were vehicles for inter-generational wealth transfer and the next vehicles will be cryptocurrencies.