spudone wrote:
The problem being addressed, at least to early implementers and adopters, is a financial system that is corrupt and rigged to benefit the .001%. As a corollary, governments (particularly the U.S.) are going hog wild printing money in fiat currency systems. This effectively becomes an unlegislated tax on the average Joe. So to say cryptocurrency does not solve a real problem is wrong. Maybe it's just not something that article's author has a problem with.
It's not solving the problem, as far as I can tell. (I don't agree that the problem is the deep conspiracy you imply, as the "fiat currency" system combined with regulated trading have combined to allow "the people" access to capital ownership and wealth accumulation never before seen in the history of man).
But back to cryptocurrency. I don't see it solving the issue. I'm over-generalizing, but we seem to have the choice between using unregulated exchange and wallet services that are unreliable stores of money and trafficked by people I'd consider "unsavory" at best. Or using the more transparent and reliable services like Robinhood and Coinbase where your money is reasonably secure and you're unlikely to be aiding a service that helps child porn traffickers (or child traffickers), but has transaction costs way worse than just using a regular bank in combination with a low-fee brokerage service. And doesn't hide your transactions from government.
Cryptocurrency is not going to be magic end-around societal and governmental problems. The tools to fix government are participation, activism, etc. We can't tech our way out, because blockchain or something.