Reply to post: Re: Probably Long Overdue

US SEC chair calls for crypto regulation

elsergiovolador Silver badge

Re: Probably Long Overdue

Cryptocurrency is based on a fundamental error: that proof of labour is necessarily equivalent to proof of value.

Are you sure? Because many see the disconnect between labour and value as a fundamental problem with our economy. People work their bottoms off and barely can get ends meet and then you have fat shareholders spending days by the pool counting dividends flowing into their accounts.

The elites problem with cryptocurrency is that they cannot access this wealth without putting up work and they can't stand the fact that some of the "pleb" could get rich on equal terms.

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