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RE: Is The Crypto Currency Community Creating Its Own Monetary Enslavement?
Great analogy. Very apt indeed. After observing and participating in this space for 4 years now, I've been making similar comparisons during this time, and more-so lately.
With all of the amazing potential that blockchain technology has for our species, I'm also highly aware that it could just as easily serve as the perfect tool for an even deeper level of enslavement then anything else that has come before.
When accumulation of money is the epicentre thought process behind interaction with the blockchain, the dangled carrot enticement, that leads into the cage, could well be rotten like trough slop; where, gorging face first, on any old leftover scraps, the distracted filling their bloated bellies have the door firmly locked behind them.
I agree with this leading to the cage. I'm perfectly fine with people having money and even being wealthy. It's how you accumulate that wealth and what you do with the wealth is what I focus on. It seems there are many wealth accumulators doing it at the expense of their fellow man through high fees. I understand things can't be free, but there has to be a limit of costs associated with transactions.
Also, I wonder what happens if the lights go out and people didn't diversify properly. Imagine all of the money stuck in digital assets that people would not have access to. The people who put their whole life savings into crypto to chase a buck would be in a world of hurt.