The top 1% (~80M people) now owns the same amount of capital as the remaining 99% (~7.9B people).
1/ Crypto’s biggest potential impact to society is in sustainably distributing wealth, capital & ownership to a larger % of the world.
This is also its biggest risk: crypto can exacerbate inequality if it is not made accessible to everyone—especially those who need it most.
The top 1% (~80M people) now owns the same amount of capital as the remaining 99% (~7.9B people).
1. Revolution: Violence or war that leads to wealth redistribution to those who fought & won
2. Intervention: Political change that raises taxes on the rich & increases benefits to the poor
Is another option even possible when the system, power, rules, governance, capital, tech, etc. are centralized among the 1%, as they have been for millennia?
Historically, the answer is no.
Tech is accelerating inequality.
Assembly line workers. Retailer workers. Tellers. Etc.
A. Even more capital being invested in technology, in turn creating even more asymmetric outcomes and inequality.
B. Governments seeking to breakup big tech (yet knowing they are central to their economies).
- More big tech (and breakups)
- More automation
- More inequality
- More division
- More unrest
- Revolutions
- Government interventions
- Higher taxes
- UBI
- etc.
But there must be a better way, right? Hopefully?
Yes it can free the world from fiat.
Yes it can decentralize compute and finance.
Crypto can turn today’s financial and technology companies into platforms that are community-owned. Digital collectives of creators, contributors, and users that share their value.
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Viruses and other pathogens are often studied as stand-alone entities, despite that, in nature, they mostly live in multispecies associations called biofilms—both externally and within the host.
https://t.co/FBfXhUrH5d
Microorganisms in biofilms are enclosed by an extracellular matrix that confers protection and improves survival. Previous studies have shown that viruses can secondarily colonize preexisting biofilms, and viral biofilms have also been described.
...we raise the perspective that CoVs can persistently infect bats due to their association with biofilm structures. This phenomenon potentially provides an optimal environment for nonpathogenic & well-adapted viruses to interact with the host, as well as for viral recombination.
Biofilms can also enhance virion viability in extracellular environments, such as on fomites and in aquatic sediments, allowing viral persistence and dissemination.
Viruses and other pathogens are often studied as stand-alone entities, despite that, in nature, they mostly live in multispecies associations called biofilms—both externally and within the host.
https://t.co/FBfXhUrH5d
Microorganisms in biofilms are enclosed by an extracellular matrix that confers protection and improves survival. Previous studies have shown that viruses can secondarily colonize preexisting biofilms, and viral biofilms have also been described.
...we raise the perspective that CoVs can persistently infect bats due to their association with biofilm structures. This phenomenon potentially provides an optimal environment for nonpathogenic & well-adapted viruses to interact with the host, as well as for viral recombination.
Biofilms can also enhance virion viability in extracellular environments, such as on fomites and in aquatic sediments, allowing viral persistence and dissemination.