I write this after watching the entire first season of "Startup" on Crackle. I thought the show was put together really well for a low budget show. Startup really drives it home how financial crime happens at all levels of society and how those could even intermingle. SPOILER The main plot of the story shows how a company starting out can easily be pulled into getting bad money even when the company is trying to remain clean. The company founders end up looking losing money from investors and had to look for new investors to cover the dirt. This looks all to common here in the crypto space.
This got me really thinking about the problem that exist with mass adoption of Crypto Currencies like Bitcoin, Etherium, Steem, ect... This problem is the same problem I have even had with wanting to start a business and that is funding. People ask how are they going to be able to get into Bitcoin if they have trouble paying bills currently, as saving is a foreign concept. Though Bitcoin does allow for individuals across the world the ability to be able to help with funding even in small increments but I ask at what cost? The problem is the accountability factor, now anyone who creates a Crypto coin with an ICO is essentially creating money for themselves out of thin air at the cost of investors (some of the time). I'm not for regulation and big government in anyway but I do believe in a balance. This balance will probably present itself in the near future in the form of code in a newer improved DAO minus the hack.(At least I hope) I have never had any DAO tokens at any point at the time of this posting.
The real question is how do we all as a society over come this paradoxical nature that is money? There always seems to be a need for money to make money, unless gotten through less than reputable means. The only other way for most people then to get money is work a job that takes up most of your day and does not allow you the freedom to enjoy what you want in life. Some people do have the talent and ability to start building sites such as this one and others all from years of learning coding and with a bit of luck someone likes it.
I'm not sure if Bitcoin or another Crypto will solve this problem as it may even make it worse since the wealth is just transferred from the current ruling elite to the next generation of world elite. I do believe the first Trillionaire will either be in Crypto or A.I. that's for another time though thanks for reading.