Whenever I read an article, I always ask “who is this for?” With complex jargon and undefined terms, it cannot be for the non-elites the author is claiming to represent.
In fact, the elites appear to be investing heavily in crypto, like they do all financial assets. The world’s exploited and overworked poor do not have the resources or time to invest in a new system. Maybe a few of them, but certainly not in the aggregate.
This authors talk is the same rhetoric Tech companies used when they were setting up shop forty years ago. They promised us a better world, and extracted most of our wealth instead.
When people dont change, history tends to repeat itself.